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    2371   TW0002371002

TATUNG CO., LTD.

(2371)
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End-of-day quote Taiwan Stock Exchange  -  2022-06-27
34.10 TWD   +0.15%
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Tatung : Announcement on behalf of CPT that Tatung company applied to the Supreme Court of Bermuda for an order in the form attached to the summons

05/23/2022 | 11:07am EDT
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Provided by: TATUNG CO.
SEQ_NO 1 Date of announcement 2022/05/23 Time of announcement 22:52:20
Subject
 Announcement on behalf of CPT that Tatung
company applied to the Supreme Court of Bermuda for an
order in the form attached to the summons
Date of events 2022/05/23 To which item it meets paragraph 2
Statement
1.Parties to the legal matter:
Plaintiff:Tatung Company
Defendant:CPT
2.Name of the court or punishing agency of the legal matter:
IN THE SUPREME COURT OF BERMUDA
3.Reference/Case number of relevant documents of the legal matter:
IN THE SUPREME COURT OF BERMUDA Civil Jurisdiction commercial
Court 2022 No. 98
4.Date of occurrence of the event:2022/05/23
5.Details of occurrence (including the matter under dispute):
CPT learned today that  plaintiff (Tatung company) held the endorsement
and guarantee contract with CPT on December 25, 2015
(the total amount outstanding as of December 14, 2018 NT $1995144888
(about US $72 million) applied to the Supreme Court of Bermuda for an
order in the form of a summons attached Plaintiff (Tatung company)seeks
an order in the form annexed hereto for the appointment of joint and
several receivers to receive (and sell as appropriate) the Security and
the dividends, profits, interest and other moneys receivable in respect
of CPT's interest in the Security to be transferred to Tatung for the
unpaid Total Outstanding Sum as well as any interest and the costs of
enforcement. The defendant (CPT) shall arrange to respond to the lawsuit
within 28 days after receiving this summons.
6.Handling procedure:
CPT will invite lawyers to discuss and evaluate the follow-up processing
methods in order to protect the rights and interests of CPT and CPTB
shareholders in accordance with the law.
7.Impact on the Company's finance and business and projected amount:
Under evaluation
8.Countermeasures and improvement status:
CPT has received the notice and will make an assessment and decide on
the follow-up method to protect the company's rights and interests.
9.Any other matters that need to be specified:None

Disclaimer

Tatung Company published this content on 23 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2022 15:05:02 UTC.


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