Kenmec Mechanical Engineering : The subsidiary TAISIC materials corp.will increase its capital in cash, and KENMEC MECHANICAL ENGINEERING CO.,LTD.will subscribe.
[Supplementary Announcement]The subsidiary
TAISIC materials corp.will increase its capital in cash,
and KENMEC MECHANICAL ENGINEERING CO.,LTD.will subscribe.
Date of events
2022/07/14
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.):Shares of TAISIC MATERIALS CORP.
2.Date of occurrence of the event:2022/07/14
3.Volume, unit price, and total monetary amount of the transaction:
Volume:700,000 common shares
unit price:TWD$100
Total monetary amount of the transaction:TWD$70,000,000
4.Trading counterparty and its relationship to 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):
Subsidiary
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 value of transfer:
The Company participated in the cash capital increase
of subsidiaries to purchase shares.
6.Where an owner of the underlying assets within the past
five years has been an 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 to the Company at the time of the transaction:N/A
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:N/A
8.Profit or loss from the disposal (not applicable in
cases of acquisition of securities) (where originally
deferred, the status of recognition shall be listed and
explained):N/A
9.Terms of delivery or payment (including payment period
and monetary value), restrictive covenants in the contract,
and other important terms and conditions:N/A
10.The manner in which the current transaction was
decided, the reference basis for the decision on price,
and the decision-making unit:
the decision-making unit:Board of Directors
11.Net worth per share of the Company's underlying securities
acquired or disposed of:$2.73
12.Cumulative no.of shares held (including the current
transaction), their monetary value, shareholding percentage,
and status of any restriction of rights (e.g., pledges),
as of the present moment:
Cumulative no.of shares held:4,400,000 common shares
monetary value:TWD$107,000,000
shareholding percentage:8.8%
status of any restriction of rights:N/A
13.Ratio of securities investment (including the current
transaction) to the total assets and shareholder's equity
of the parent company on the latest financial statements,
and the operating capital on the latest financial statements,
as of the present moment:TWD$920,471,000
14.Broker and broker's fee:N/A
15.Concrete purpose or use of the acquisition or disposal:
long-term equity investment
16.Whether the directors expressed any objection to the current
transaction:N/A
17.Whether the counterparty of the current transaction
is a related party:Yes
18.Date of the Board of Directors' resolution:2022/07/04
19.Date of ratification by supervisors or approval by
the Audit Committee:2022/07/04
20.Whether the CPA issued an opinion on the unreasonableness
regarding the current transaction:N/A
21.Name of the CPA firm:N/A
22.Name of the CPA:N/A
23.License no.of the CPA:N/A
24.Any other matters that need to be specified:N/A
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Kenmec Mechanical Engineering Co. Ltd. published this content on 14 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2022 10:43:06 UTC.
KENMEC MECHANICAL ENGINEERING CO., LTD. is a Taiwan-based company primarily engaged in the research, development, production and sales of solar cells. The Company mainly operates through four business segments. The Automation Business segment is mainly engaged in the production, sales, installation and leasing of automated assembly line equipment and related supporting facilities. The Solar Power Generation Systems segment is mainly engaged in the manufacture of power generation, transmission and distribution equipment, as well as wireless communications equipment. The Electronic Components segment is principally engaged in the manufacture of electronic components. The Others segment is mainly engaged in the solar water heaters and real estates businesses.
Kenmec Mechanical Engineering : The subsidiary TAISIC materials corp.will increase its capital in cash, and KENMEC MECHANICAL ENGINEERING CO.,LTD.will subscribe.