Zeng Hsing Industrial : Announcement Supplementary explanation on the calculation method of the company's acquisition of shares of Turvo International Co., Ltd.
Announcement Supplementary explanation on the
calculation method of the company's acquisition of
shares of Turvo International Co., Ltd.
Date of events
2022/07/06
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/07/06
2.Company name:ZENG HSING INDUSTRIAL CO., LTD.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):Head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
The maximum number of shares to acquire in this public
tender offer is 13,000,000 shares of Turvo, and
33,970,990 shares have been tendered.
According to the instructions, following calculation,
the total number of Priority Acquisition Shares of all
Offerees, 19,737,000 shares, exceeds the Offer Cap
(please see page 3 of this prospectus for details).
The calculation method is as follows:
A.The Company will purchase from each offeree the
number of shares at a pro-rated percentage based
on the calculation method described below, and the
number shall distribute to 1,000 shares.
The calculation method of the foresaid pro-rated
percentage is 13,000,000 shares / 33,970,990 shares
B. There are remaining shares, 7,679,000 shares, the
Company will purchase on the random basis.
On the first business day (July. 7, 2022) after the
offer period expires, any excess above the maximum
will be returned the corresponding tender participants'
central securities depository accounts. Each offeree
may contact the securities dealer or the custodial
bank to confirm the returned situation.
6.Countermeasures:N/A
7.Any other matters that need to be specified:
The aforementioned English translation is for
reference only, please refer the Chinese
announcement of the Company.
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Disclaimer
Zeng Hsing Industrial Co. Ltd. published this content on 07 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2022 16:23:02 UTC.
ZENG HSING INDUSTRIAL CO., LTD. is a Taiwan-based company mainly engaged in the manufacture and distribution of sewing machines. The Company mainly operates through three business segments, including Taiwan segment, China segment and Vietnam segment. The Companyâs products include household sewing machines, household vacuum cleaners and relevant components, as well as water purifiers, among others. The Company also provides technical training services for domestic and overseas clients. The Company distributes its products within domestic market and to overseas markets.
Zeng Hsing Industrial : Announcement Supplementary explanation on the calculation method of the company's acquisition of shares of Turvo International Co., Ltd.
ZENG HSING INDUSTRIAL CO., LTD. 