ANKAM INC. Announces Strategic MOU with T&E Global: Key Details for Investors

Date: March 23, 2026
Location: Taipei, Taiwan

Key Highlights of the Announcement

• Strategic Partnership Formed: ANKAM INC. has entered into a non-binding Memorandum of Understanding (MOU) with TRUST & ETHIC CO., LTD. (T&E Global), a Taiwan-based corporation. This move outlines a strategic partnership and sets the stage for a possible future acquisition of T&E Global.
• Establishment of Taiwan Subsidiary: ANKAM will establish a subsidiary in Taiwan. Mr. Wang Wen Lung will be appointed as the Representative of this subsidiary and may serve as the primary authorized representative to manage and support T&E Global’s overseas business operations.
• Growth and Expansion Strategy: The partnership aims to expand T&E Global’s international market footprint and maximize commercial value. The two companies will collaborate closely to achieve these objectives.
• Acquisition Contingency: If T&E Global’s overseas operations meet mutually agreed-upon performance metrics (to be defined in a separate definitive agreement), ANKAM intends to initiate an acquisition process for the parent company of T&E Global. The parties have agreed to negotiate in good faith to finalize terms, subject to customary conditions and covenants.

Important Shareholder Information and Price-Sensitive Factors

• Related Party Transaction: Mr. Wang Wen Lung, President and CEO of ANKAM, is directly involved as both an executive at ANKAM and as the representative interfacing with T&E Global. This dual role makes the transaction a “related party transaction” under SEC rules.
• Corporate Governance Measures: To address potential conflicts of interest, Mr. Wang recused himself from all Board deliberations and approvals regarding the MOU. The Board’s independent directors reviewed and approved the MOU, determining that the terms are fair and negotiated at arm’s length. All future agreements related to the potential acquisition will also be subject to review and approval by the independent directors, with Mr. Wang consistently recusing himself.
• Potential Impact on Share Value: The MOU, and any subsequent acquisition, could significantly affect ANKAM’s business profile, geographic footprint, and earnings prospects. The market may view the potential acquisition favorably, particularly if T&E Global’s international operations perform well and the transaction progresses. However, the transaction is not guaranteed—the MOU is non-binding (except for confidentiality and non-binding provisions) and any definitive commitments will require further agreements and regulatory approvals.

Risks and Forward-Looking Statements

• Forward-Looking Nature: This announcement contains forward-looking statements regarding ANKAM’s intentions, plans, and expectations, especially relating to the possible acquisition and operational integration of T&E Global.
• Key Risks: There are risks and uncertainties that may cause actual results to differ from those anticipated, including the ability to negotiate and sign definitive agreements, satisfaction of conditions precedent to any transaction, achievement of performance targets, and obtaining any required corporate or regulatory approvals.
• Investor Caution: Investors are advised to consider these risks and note that the company undertakes no obligation to update forward-looking statements except as required by law.

About ANKAM INC.

ANKAM INC. is a US-based corporation focused on global expansion and strategic partnerships, with operations and a new subsidiary based in Taipei, Taiwan.

Contact Information

Address: 5F., No. 97, Jingye 1st Rd., Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.)
Email: [email protected]

Disclaimer: This article contains information based on ANKAM INC.’s public filings and press releases. It includes forward-looking statements that are subject to risks and uncertainties. Investors should not rely solely on this article for investment decisions. Please consult official filings and financial advisors before making investment decisions. The author and publisher assume no liability for any actions taken based on this information.

View Ankam, Inc. Historical chart here