Today's Information

Provided by: CATHAY FINANCIAL HOLDING CO., LTD.
SEQ_NO 6 Date of announcement 2021/12/06 Time of announcement 18:09:25
Subject 
 Announced by CFH, on behalf of Cathay Life
Insurance, disposal in
Taiwan Star Telecom Co., Ltd. common shares
Date of events 2021/12/06 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.):
Taiwan Star Telecom Co., Ltd
Ordinary shares
2.Date of occurrence of the event:2021/12/06
3.Amount, unit price, and total monetary amount of the transaction:
300,000,000 shares
NTD 9.47 per share
NTD 2.84 billion
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):
Ding An Development Co., Ltd and others
Not a related party of the company
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):
Loss from the disposal: NTD 160 million
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:
NA
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:
In accordance with the contract.
11.Net worth per share of the Company's underlying securities acquired or
disposed of:
NTD 4.16 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:
0 common shares; NT$0; 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:
72.32%
814.38%
NTD 555.17 billion
14.Broker and broker's fee:
NA
15.Concrete purpose or use of the acquisition or disposal:
In compliance with Insurance Law, for the use of the insurance funds.
for investment purpose.
16.Any dissenting opinions of directors to the present transaction:
NA
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:
Wetec International CPAs
22.Name of the CPA:
Ming-Yang Lai
23.Practice certificate number of the CPA:
Taipei City CPA Certificate No.2123
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:
No
27.Source of funds:
Disposable funds of the insurer
28.Any other matters that need to be specified:
in accordance to the contract,
such that Ding An Development Co., Ltd and others
are potential conterparties

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Cathay Financial Holding Co. Ltd. published this content on 06 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2021 10:21:00 UTC.