1. Homepage
  2. Equities
  3. Taiwan
  4. Taiwan Stock Exchange
  5. YFY Inc.
  6. News
  7. Summary
    1907   TW0001907004

YFY INC.

(1907)
  Report
End-of-day quote Taiwan Stock Exchange  -  2022-08-09
23.15 TWD   -0.86%
03:21aYFY : will hold an analyst meeting for the 2nd quarter results of 2022
PU
08/10YFY : announced on behalf of YFY Global Investment B.V. for the board's resolution to increase the paid-in capital to its subsidiary(Revise)
PU
07/29YFY : announced the changes in the number of held companies
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

YFY : On behalf of YFY Mauritius Corp., YFY Inc. announced the disposal of the 11 subsidiaries'shares due to YFY Group's investment restructuring(update)

06/27/2022 | 07:04am EDT
Close
Today's Information

Provided by: YFY Inc.
SEQ_NO 1 Date of announcement 2022/06/27 Time of announcement 15:43:34
Subject
 On behalf of YFY Mauritius Corp., YFY Inc.
announced the disposal of the 11 subsidiaries'shares
due to YFY Group's investment restructuring(update)
Date of events 2022/06/27 To which item it meets paragraph 20
Statement
1.Date of occurrence of the event:2022/06/27
2.Method of the current increase (decrease) in investment:
Based on the price of 11 subsidiaries by shares
3.Amount, unit price, and total monetary amount of the transaction:
Total shares of 11 subsidiaries are 236,365,075.93 shares. By calculating
US $1 per share,the total value of the shares are USD $236,365,075.93

Company Name                                Amount (USD)
Yuen Foong Yu Paper MFG (Yangzhou) Co.,Ltd.  158,000,000.00
Yuen Foong Yu (Guangzhou) Paper Co., Ltd.   8,906,250.00
Yuen Foong Yu (Zhongshan) Paper Co., Ltd.      6,000,000.00
Yuen Foong Yu (Dongguan) Paper Co., Ltd.       6,000,000.00
Yuen Foong Yu (Xiamen) Paper Co., Ltd.          6,500,000.00
Yuen Foong Yu (Kunshan) Paper Co., Ltd.       11,000,000.00
Yuen Foong Yu (Suzhou) Paper Co., Ltd.          7,000,000.00
Yuen Foong Yu (Nanjing) Paper Co., Ltd. 8,958,825.93
Yuen Foong Yu (Shanghai) Paper Co., Ltd.    8,000,000.00
Yuen Foong Yu (Qingdao) Paper Co., Ltd. 8,000,000.00
Yuen Foong Yu (Tianjin) Paper Co., Ltd. 8,000,000.00
4.Company name of the mainland Chinese investee:
Yuen Foong Yu Paper MFG (Yangzhou) Co.,Ltd.
Yuen Foong Yu (Guangzhou) Paper Co., Ltd.
Yuen Foong Yu (Zhongshan) Paper Co., Ltd.
Yuen Foong Yu (Dongguan) Paper Co., Ltd.
Yuen Foong Yu (Xiamen) Paper Co., Ltd.
Yuen Foong Yu (Kunshan) Paper Co., Ltd.
Yuen Foong Yu (Suzhou) Paper Co., Ltd.
Yuen Foong Yu (Nanjing) Paper Co., Ltd.
Yuen Foong Yu (Shanghai) Paper Co., Ltd.
Yuen Foong Yu (Qingdao) Paper Co., Ltd.
Yuen Foong Yu (Tianjin) Paper Co., Ltd.
5.Paid-in capital of aforementioned mainland Chinese investee:
Company Name                                   Paid-in capital (USD)
Yuen Foong Yu Paper MFG (Yangzhou) Co.,Ltd.  244,694,899.74
Yuen Foong Yu (Guangzhou) Paper Co., Ltd.      9,500,000.00
Yuen Foong Yu (Zhongshan) Paper Co., Ltd.      6,000,000.00
Yuen Foong Yu (Dongguan) Paper Co., Ltd.    6,000,000.00
Yuen Foong Yu (Xiamen) Paper Co., Ltd.          6,500,000.00
Yuen Foong Yu (Kunshan) Paper Co., Ltd.       11,000,000.00
Yuen Foong Yu (Suzhou) Paper Co., Ltd.      7,000,000.00
Yuen Foong Yu (Nanjing) Paper Co., Ltd. 9,958,825.93
Yuen Foong Yu (Shanghai) Paper Co., Ltd.    8,000,000.00
Yuen Foong Yu (Qingdao) Paper Co., Ltd. 8,000,000.00
Yuen Foong Yu (Tianjin) Paper Co., Ltd. 8,000,000.00
6.Amount of capital increase currently planned for the aforementioned
mainland Chinese investee:Not applicable
7.Main businesses of the aforementioned mainland Chinese investee:
Paper and paperboard producing and selling; carton manufacturing,
printing and selling
8.Type of CPA opinion in the latest annual financial statements of the
aforementioned mainland Chinese investee:Unqualified opinion
9.Total equity of the aforementioned mainland Chinese investee in the latest
annual financial statements:
Company Name                                  Total equity(CNY)
Yuen Foong Yu Paper MFG (Yangzhou) Co.,Ltd.     31,904,343.56
Yuen Foong Yu (Guangzhou) Paper Co., Ltd.   120,479,882.61
Yuen Foong Yu (Zhongshan) Paper Co., Ltd.   249,085,888.98
Yuen Foong Yu (Dongguan) Paper Co., Ltd.    121,250,107.43
Yuen Foong Yu (Xiamen) Paper Co., Ltd.           78,979,117.95
Yuen Foong Yu (Kunshan) Paper Co., Ltd.     139,763,897.35
Yuen Foong Yu (Suzhou) Paper Co., Ltd.           60,724,552.36
Yuen Foong Yu (Nanjing) Paper Co., Ltd.        122,202,689.67
Yuen Foong Yu (Shanghai) Paper Co., Ltd.    106,115,998.68
Yuen Foong Yu (Qingdao) Paper Co., Ltd.        244,631,278.89
Yuen Foong Yu (Tianjin) Paper Co., Ltd.        200,554,838.77
10.Amount of profit/loss of the aforementioned mainland Chinese investee in
the latest annual financial statements:
Company Name                                 Amount of profit/loss (CNY)
Yuen Foong Yu Paper MFG (Yangzhou) Co.,Ltd. -234,150,935.72
Yuen Foong Yu (Guangzhou) Paper Co., Ltd.      4,214,636.88
Yuen Foong Yu (Zhongshan) Paper Co., Ltd.     12,252,401.87
Yuen Foong Yu (Dongguan) Paper Co., Ltd.       5,524,127.35
Yuen Foong Yu (Xiamen) Paper Co., Ltd.           107,966,457.71
Yuen Foong Yu (Kunshan) Paper Co., Ltd.           5,974,258.06
Yuen Foong Yu (Suzhou) Paper Co., Ltd.              -623,092.76
Yuen Foong Yu (Nanjing) Paper Co., Ltd.           15,373,426.46
Yuen Foong Yu (Shanghai) Paper Co., Ltd.       9,883,573.75
Yuen Foong Yu (Qingdao) Paper Co., Ltd.          10,788,532.72
Yuen Foong Yu (Tianjin) Paper Co., Ltd.           9,009,821.58
11.Amount of actual investment in the aforementioned mainland Chinese
investee, up to the present moment:
Company Name                              Amount of actual investment(USD)
Yuen Foong Yu Paper MFG (Yangzhou) Co.,Ltd.  244,694,899.74
Yuen Foong Yu (Guangzhou) Paper Co., Ltd.      9,500,000.00
Yuen Foong Yu (Zhongshan) Paper Co., Ltd.   6,000,000.00
Yuen Foong Yu (Dongguan) Paper Co., Ltd.    6,000,000.00
Yuen Foong Yu (Xiamen) Paper Co., Ltd.          6,500,000.00
Yuen Foong Yu (Kunshan) Paper Co., Ltd.       11,000,000.00
Yuen Foong Yu (Suzhou) Paper Co., Ltd.          7,000,000.00
Yuen Foong Yu (Nanjing) Paper Co., Ltd. 9,958,825.93
Yuen Foong Yu (Shanghai) Paper Co., Ltd.    8,000,000.00
Yuen Foong Yu (Qingdao) Paper Co., Ltd. 8,000,000.00
Yuen Foong Yu (Tianjin) Paper Co., Ltd. 8,000,000.00
12.Trading counterparty and its relationship with the Company:
YFY Packing (Yangzhou) Investment Co., Ltd. / affiliates
13.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:Not applicable
14.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:Not applicable
15.Profit (or loss) upon disposal:None
16.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:
In accordance with relevant regulations and the contractual agreements.
17.The manner in which the current transaction was decided, the reference
basis for the decision on price, and the decision-making unit:
The transfer price is the paid in capital of 11 subsidiaries. /
Resolution of the board of directors of YFY Mauritius Corporation.
18.Broker:None
19.Concrete purpose of the acquisition or disposal: Investment restructuring
20.Any dissenting opinions of directors to the present transaction:None
21.Whether the counterparty of the current transaction is a related party:Yes
22.Date of the board of directors resolution:2022/06/27
23.Date of ratification by supervisors or approval by
the Audit Committee:2022/06/27
24.Total amount of investment in mainland China (including the current
investment) approved by the Investment Commission, up to the present moment:
NTD 17,510,631 thousand dollars
25.Ratio of the total amount of investment in mainland China (including the
current investment) approved by the Investment Commission, up to the present
moment, to the paid-in capital on the latest financial statements:105.46%
26.Ratio of the total amount of investment in mainland China (including the
current investment) approved by the Investment Commission, up to the present
moment, to the total assets on the latest financial statements:23.84%
27.Ratio of the total amount of investment in mainland China (including the
current investment) approved by the Investment Commission, up to the present
moment, to equity attributable to owners of the parent on the latest
financial statements:32.64%
28.Total amount of actual investment in mainland China, up to the present
moment:NTD 19,066,178 thousand dollars
29.Ratio of the total amount of actual investment in mainland China, up to
the present moment, to the paid-in capital on the latest financial
statements:114.83%
30.Ratio of the total amount of actual investment in mainland China, up to
the present moment, to the total assets on the latest
financial statements:25.96%
31.Ratio of the total amount of actual investment in mainland China, up to
the present moment, to equity attributable to owners of the parent on the
latest financial statements:35.54%
32.Amount of recognized profit (loss) on investment in mainland China for
the last three years:
Y2019:NTD   -35,386 thousand dollars
Y2020:NTD 1,509,380 thousand dollars
Y2021:NTD   -34,617 thousand dollars
33.Amount of profit remitted back to Taiwan for the last
three years:
Y2019:None
Y2020:None
Y2021:None
34.Whether the CPA issued an unreasonable opinion regarding the current
transaction: No
35.Name of the CPA firm: Ernest & Young
36.Name of the CPA:Yishian Li
37.Practice certificate number of the CPA:No. 3857
38.Any other matters that need to be specified:
Update the announcement made on 2021/12/16, due to the consideration of its
operation of Yuen Foong Yu(Jiaxing) Paper Co., Ltd., the YFY Packaging
(Yangzhou)Investment Co., Ltd. decided not to process its shares transfer.

Disclaimer

YFY Inc. published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 11:03:04 UTC.


© Publicnow 2022
All news about YFY INC.
03:21aYFY : will hold an analyst meeting for the 2nd quarter results of 2022
PU
08/10YFY : announced on behalf of YFY Global Investment B.V. for the board's resolution to incr..
PU
07/29YFY : announced the changes in the number of held companies
PU
07/29YFY : announced the changes in the number of held companies
PU
07/20YFY : On behalf of Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd., YFY Inc. announced ..
PU
07/20YFY : On behalf of Yuen Foong Yu Paper Enterprise (Vietnam) Co., Ltd., YFY Inc. announced ..
PU
07/20YFY : On behalf of Willpower Industries Ltd., YFY Inc. announced the Board's resolution on..
PU
07/20YFY : On behalf of Willpower Industries Ltd., YFY Inc. announced the Board's resolution on..
PU
07/20YFY : On behalf of YFY Cayman Co., Ltd., YFY Inc. announced the Board's resolution on the ..
PU
07/20YFY : On behalf of YFY Cayman Co., Ltd., YFY Inc. announced the Board's resolution on the ..
PU
More news
Financials
Sales 2022 75 533 M 2 523 M 2 523 M
Net income 2022 1 189 M 39,7 M 39,7 M
Net Debt 2022 - - -
P/E ratio 2022 32,6x
Yield 2022 -
Capitalization 38 438 M 1 284 M 1 284 M
Capi. / Sales 2022 0,51x
EV / Sales 2023
Nbr of Employees -
Free-Float 61,0%
Chart YFY INC.
Duration : Period :
YFY Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends YFY INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 23,15 TWD
Average target price 22,00 TWD
Spread / Average Target -4,97%
EPS Revisions
Managers and Directors
Yi Ta Ho Chairman & General Manager
Kuo Tang Yin VP-Finance Center & Spokesperson
Ray Chien Vice President-Information Technology
Kun Hsiung Huang Director & Chief Technology Officer
Irene Cheng Manager-Auditing & Compliance
Sector and Competitors