President Chain Store : PCSC announces the board resolution for the acquisition of 30% shareholding of President Starbucks Coffee Corp.

2017-07-27

Date of events: 2017/07/27
To which item it meets: paragraph 20
Statement:
1.Name and nature of the subject matter (if preferred shares,
the terms and conditions of issuance shall also be indicated,
e.g.dividend yield):President Starbucks Coffee Corp.
2.Date of occurrence of the event:2017/07/27
3.Volume, unit price, and total monetary amount of the transaction:
Trading volume is 10,691,337 shares, approximately unit price is NTD 304,
approximately monetary amount is NTD 3,254 million.
4.Counterpart to the trade and its relationship to the Company
(if the trading counterpart is a natural person and furthermore
is not an actual related party of the Company, the name of the
trading counterpart is not required to be disclosed):
Starbucks Coffee International Inc. ; None
5.Where the counterpart to the trade is an actual related party,
a public announcement shall also be made of the reason for choosing
the related party as trading counterpart and the identity of the
previous owner (including its relationship with the company and the
trading counterpart), price of transfer, and date of acquisition:None
6.Where a person who owned the property within the past five years
has been an actual related person of the company, a public
announcement shall also include the dates and prices of
acquisition and disposal by the related person and the
person's relationship to the company at those times:None
7.Matters related to the creditor's rights currently being disposed
of (including types of collateral of the disposed creditor's rights;
if the creditor's rights are creditor's rights toward a related
person, the name of the related person and the book amount of the
creditor's rights toward such related person currently being
disposed of must also be announced):None
8.Anticipated profit or loss from the disposal (not applicable in
cases of acquisition of securities) (where originally deferred, the
status or recognition shall be stated and explained):NA
9.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract, and
other important stipulations: Based on the agreement.
The completion of the transaction will depend upon the approval from
Fair Trade Commission of Executive Yuan.
10.The manner in which the current transaction was decided, the
reference basis for the decision on price, and the decision-making
department: The price is determined by the negotiation of both parties
and appraisal report. The decision-making department is board of directors.
11.Current cumulative volume, amount, and shareholding percentage
of holdings of the security being traded (including the current
trade) and status of any restriction of rights (e.g.pledges):
PCSC: Current cumulative volume is 21,382,674 shares.
Approximately amount is NTD 3,609 million. Shareholding percentage is 60%.
No restriction of rights.
UPE: Current cumulative volume is 14,255,116 shares.
Approximately amount is NTD 2,405 million. Shareholding percentage is 40%.
No restriction of rights.
12.Current ratio of long or short term securities investment
(including the current trade) to the total assets and shareholder's
equity as shown in the most recent financial statement and the
operating capital as shown in the most recent financial statement:
To the total assets is 24.60%, to the shareholder's equity is 53.14%,
operating capital is NTD 22,292 million.
13.Broker and broker's fee: None
14.Concrete purpose or use of the acquisition or disposal:
Long-term investment
15.Net worth per share of the underlying securities acquired
or disposed of:NTD 42.
16.Do the directors have any objection to the present transaction?:No
17.Has the CPA issued an opinion on the unreasonableness of the price
of the current transaction?:No
18.Any other matters that need to be specified:None

Back>