Taishin Financial : Announcement by Taishin FHC to invest new common shares of Taishin Securities with a total amount of NT$3.7281 billion
March 23, 2017 at 09:07 am EDT
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Announcement by Taishin FHC to invest new common shares of Taishin Securities with a total amount of NT$3.7281 billion
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):Taishin Securities new common shares.
2.Date of occurrence of the event:2017/03/23
3.Volume, unit price, and total monetary amount of the transaction:Volume: 322,500,000 shares
Unit Price: NT$11.56 per share
Total Monetary Amount: NT$3,728,100,000
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):Taishin Securities,a 100% owned subsidiary by Taishin FHC.
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:
Taishin Securities,a 100% owned subsidiary by Taishin FHC.
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:N/A
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):N/A
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):N/A
9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: Subject to the approval by the Financial Supervisory Commission.
10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:The board of directors decided the terms according to independent evaluation report.
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):
Cumulative volume: 628,412,444 shares
Cumulative amount: NT$7,377,301,627
shareholding percentage: 100%
restriction of rights: none
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:
total assets:98.35%
shareholder's equity:115%
operating capital: N/A
13.Broker and broker's fee:N/A
14.Concrete purpose or use of the acquisition or disposal: To support business expansion.
15.Net worth per share of the underlying securities acquired or disposed of:NT$11.05
16.Do the directors have any objection to the present transaction?:none
17.Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?:none
18.Any other matters that need to be specified: none
Taishin Financial Holding Co. Ltd. published this content on 23 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 March 2017 13:07:26 UTC.
Original documenthttps://www.taishinholdings.com.tw/english/Investors/index.jsp?rowId=2879
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Taishin Financial Holding Co Ltd is a Taiwan-based financial holding company principally engaged in the investment and management of its subsidiaries. The Company operates through three business segments. The Banking Businesses segment is mainly engaged in the wealth management, consumer financing, corporate financing, electronic financing, credit cards and trust businesses. The Securities Businesses segment is mainly engaged in the securities brokerage and proprietary trading businesses, as well as the provision of consulting and underwriting services. The Others segment is mainly engaged in the provision of management services for group companies. The Company is also involved in the futures trading, venture capital, insurance brokerage and other finance related businesses.