Announced that the board of directors of
the company approved the plan of building an BC
plant by the local committee of Douliu Third Plant.
Date of events
2021/11/10
To which item it meets
paragraph 20
Statement
1.Type of contract:The transaction object has not been determined,
and the supplementary announcement will be made after the formal
contract is signed
2.Date of occurrence of the event:2021/11/10
3.Counterparty to the contract and relationship with the Company:
Not yet decided.
4.Major content of the contract (including total contract amount,
anticipated monetary amount of participation in the investment, and start
and end dates of the contract), restrictive covenants, and other important
terms and conditions:
The total amount of the plant construction project is approximately
NT$1,250,000,000.
The total amount of machinery and equipment projects is approximately
NT$1,040,000,000.
The total amount of public works is approximately NT$100,000,000.
The total investment is estimated to be approximately NT$2,390,000,000.
5.Name of the professional appraisal firm or company and its
appraisal opinion:NA.
6.Name of the real property appraiser:NA.
7.Practice certificate number of the real property appraiser:NA.
8.Concrete purpose of the acquisition:
Demand for business expansion and capacity expansion.
9.Any dissenting opinions of directors to the present transaction:NA.
10.Whether the counterparty of the current transaction is a related party:NA.
11.Date of the board of directors resolution:2021/11/10
12.Date of ratification by supervisors or approval by
the audit committee:2021/11/10
13.The appraisal report has a limited price, specific price,
or special price:NA.
14.An appraisal report has not yet been obtained:NA.
15.Reason for an appraisal report not being obtained:NA.
16.Reason for any significant discrepancy with the appraisal reports and
opinion of the CPA:NA.
17.Name of the CPA firm:NA.
18.Name of the CPA:NA.
19.Practice certificate number of the CPA:NA.
20.Any other matters that need to be specified:NA.
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CST – Cheng Shin Rubber Ind. Co. Ltd. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 09:34:07 UTC.
Cheng Shin Rubber Ind. Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of tires. The main products include radial automobile cover tires, radial truck cover tires, motorcycle cover tires, bike cover tires, inner tubes and other tires. The Company is also involved in the manufacture and sale of rubber and tire-related industrial products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, the Middle East, Africa, Asia, Australia and others.