Yang Ming Marine Transport : The board of directors decided to purchase the 100% equity of Yang Ming (Singapore) Pte.Ltd. from its subsidiary, Yang Ming Line (Singapore) Pte Ltd

Close

Today's Information

Provided by: Yang Ming Marine Transport Corp.
SEQ_NO	2	Date of announcement	2022/01/14	Time of announcement	17:22:21
Subject	The board of directors decided to purchase the 100% equity of Yang Ming (Singapore) Pte.Ltd. from its subsidiary, Yang Ming Line (Singapore) Pte Ltd
Date of events	2022/01/14	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.):All shares of the sub-subsidiary Yang Ming (Singapore) Pte. Ltd. 2.Date of occurrence of the event:2022/01/14 3.Amount, unit price, and total monetary amount of the transaction: Amount:21,285,000 shares Unit price:USD0.7546 Total monetary amount of the transaction:USD16,061,289 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): Trading counterparty:Yang Ming Line (Singapore) Pte Ltd Its relationship with the Company:Subsidiaries 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: The reason for choosing the related party as trading counterparty: The Group conducts organizational restructuring based on operational strategies and management considerations. The identity of the previous owner:This is the first transfer The previous owner's relationship with the Company and the trading counterparty:Not applicable The previous date and monetary amount of transfer:Not applicable 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: Yang Ming Line (Singapore) Pte Ltd is the original shareholder of Yang Ming (Singapore) Pte. Ltd. and the share has never been transfered. 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):Not applicable 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Not applicable 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Terms of delivery or payment:Follow the contract Restrictive covenants in the contract, and other important terms and conditions:The Parties agree to set December 31st, 2021 as the base date of pricing, and the transaction price shall be the net value of total equity after the dividend distribution at the date of December 31st, 2021. The total amount of the retained earnings as of December 31st, 2021, audited and adjusted by the chartered accountant shall be entirely distributed as dividends to Yang Ming Line (Singapore) Pte Ltd. 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: The reference:Adopt the book value method as the evaluation basis to determine the transaction price and appoint an accountant issue an appraisal opinion on the reasonableness of the transaction price. The decision-making unit:Board of Directors of the Company 11.Net worth per share of the Company's underlying securities acquired or disposed of:NT$822 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: Cumulative no.of shares held:21,285,000 shares Amount:USD16,061,289 Shareholding percentage:100% Status of any restriction of rights:Nil 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: % of total assets:0.14% % of equity attributable to owners of the parent:0.25% Working capital:NT$88,413,588 thousand 14.Broker and broker's fee:Not applicable 15.Concrete purpose or use of the acquisition or disposal: The Group conducts organizational restructuring based on operational strategies and management considerations. 16.Any dissenting opinions of directors to the present transaction:Nil 17.Whether the counterparty of the current transaction is a related party:Yes 18.Date of the board of directors resolution:2022/01/14 19.Date of ratification by supervisors or approval by the Audit Committee:2022/01/03 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:No 21.Name of the CPA firm:JL Chen, CPA 22.Name of the CPA:Jin-Lin Chen 23.Practice certificate number of the CPA: Certificate No.943 issued by Taipei CPA Association 24.Whether the transaction involved in change of business model:No 25.Details on change of business model:Not applicable 26.Details on transactions with the counterparty for the past year and the expected coming year:Not applicable 27.Source of funds:Not applicable 28.Any other matters that need to be specified:Nil