HannStar Display : Announcement on behalf of the subsidiary Hannshine Investment Corporation to participate in the capital increase of Walsin Lihwa Co., Ltd. as specified person
Announcement on behalf of the subsidiary Hannshine
Investment Corporation to participate in the capital
increase of Walsin Lihwa Co., Ltd. as specified person
Date of events
2022/08/05
To which item it meets
paragraph 20
Statement
1.Name of the securities:Walsin Lihwa Co., Ltd. common shares
2.Trading date:2022/08/05~2022/08/05
3.Amount, unit price, and total monetary amount of the transaction:
Amount:20,000 thousand shares
Unit price:NT$30
Total monetary amount:NT$600,000 thousands
4.Gain (or loss) through disposal (not applicable in case of acquisition of
securities):NA
5.Relationship with the underlying company of the trade:
Related parties.
6.Current cumulative amount held, monetary amount, and shareholding
percentage of cumulative holdings of the securities being traded (including
the current trade), and status of any restriction of rights (e.g.pledges):
Subsidiary Huali Investment Co.,Ltd.and Hannshine Investment Co.,Ltd.
cumulative amount held:106,994,366 shares and 20,000,000 shares.
Subsidiary Huali Investment Co.,Ltd.and Hannshine Investment Co.,Ltd.
cumulative monetary amount:NT$1,511,571 thousands and NT$600,000 thousands.
Subsidiary Huali Investment Co.,Ltd.and Hannshine Investment Co.,Ltd.
cumulative shareholding percentage:2.87% and 0.54%.
Status of any restriction of rights: None.
7.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:
Subsidiary Huali Investment Co.,Ltd.and Hannshine Investment Co.,Ltd.
Ratio of investment to the total assets:12.60% and 5.89 %
Ratio of investment to shareholder's equity:15.24% and 7.13 %
Working capital:NT$12,631,964 thousands
8.Concrete purpose of the acquisition or disposal:
To increase the efficiency of funds utilization
9.Any dissenting opinions of directors to the present transaction:No
10.Whether the counterparty of the current transaction is a related party:
Yes
11.Trading counterparty and its relationship with the Company:
Its chairman and the chairman of the company are second-degree relatives.
12.Date of the board of directors resolution:2022/08/05
13.Date of ratification by supervisors or approval by
the audit committee:NA
14.Any other matters that need to be specified:None.
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Hannstar Display Corporation published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 06:50:09 UTC.
Hannstar Display Corp is a Taiwan-based company mainly engaged in the research, development, design, manufacture, sale and maintenance of thin-film transistor liquid crystal displays (TFT-LCD) and touch panels. The Company provides TFT-LCD panels and touch panels, which can be widely used in electronic applications such as notebook computers, monitors, mobile phones, tablet computers, vehicle-mounted industrial control products, and liquid crystal display televisions. The Company mainly distributes products to Taiwan, Japan, South Korea, the United States, Mainland China and Europe.
HannStar Display : Announcement on behalf of the subsidiary Hannshine Investment Corporation to participate in the capital increase of Walsin Lihwa Co., Ltd. as specified person