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Provided by: WALSIN LIHWA CORPORATION | |||||
SEQ_NO | 3 | Date of announcement | 2022/05/31 | Time of announcement | 19:01:52 |
Subject | Announcement for the Company's BOD resolved to acquire 40% equity of Innovation West Mantewe Pte. Ltd. (a Singapore Company) | ||||
Date of events | 2022/05/31 | To which item it meets | paragraph 20 | ||
Statement | 1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):Innovation West Mantewe Pte. Ltd.'s common stock 2.Date of occurrence of the event:2022/05/31 3.Amount, unit price, and total monetary amount of the transaction: (1)Amount:40 shares of common stock. (2)Unit price:USD 1,980 thousand per share. (3)Total monetary amount of the transaction: USD 79,200 thousand 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): (1)Counterparty: Glory Merry Limited and a natural person that is not a related party. (2)Relationship:None 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:NA 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:NA 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):NA 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):NA 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:In accordance with the share transfer agreement. 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: (1)The manner of deciding on this transaction and the reference basis for the decision on price:The equity valuation report, taking reference from the due diligence report issued by PT. PricewaterhouseCoopers Indonesia Advisory, issued by Doctorone Financial Technology Co., Ltd. The fairness opinion issued by CPA Chen, Chao Hui of Crowe (TW) CPAs. (2)decision-making unit:Board of Directors 11.Net worth per share of the Company's underlying securities acquired or disposed of:NTD 54,476 per share 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: Cumulative no.of shares:40 shares Monetary amount:USD 79,200 thousand Shareholding percentage:40% Restriction of rights:None. 13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:69.84%/108.62%/NTD 5,180,531 thousand 14.Broker and broker's fee: None 15.Concrete purpose or use of the acquisition or disposal: To ensure the stability of production and the accessibility of raw material for nickel products and power plant. 16.Any dissenting opinions of directors to the present transaction:No 17.Whether the counterparty of the current transaction is a related party:No 18.Date of the board of directors resolution:NA 19.Date of ratification by supervisors or approval by the Audit Committee:NA 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:No 21.Name of the CPA firm:Crowe (TW) CPAs 22.Name of the CPA: Chen, Chao Hui 23.Practice certificate number of the CPA:FSC No.1100145994 24.Whether the transaction involved in change of business model:No 25.Details on change of business model:NA 26.Details on transactions with the counterparty for the past year and the expected coming year:NA 27.Source of funds:NA 28.Any other matters that need to be specified: Innovation West Mantewe Pte. Ltd holds 45% equity of PT. Transcoal Minergy (an Indonesian company) |
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Walsin Lihwa Corporation published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 11:09:08 UTC.