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Provided by: BES Engineering Co. | |||||
SEQ_NO | 1 | Date of announcement | 2021/12/17 | Time of announcement | 17:30:15 |
Subject | Announcement of the BOD comfirm the company will buy China Petrochemical Development Corporation's new common shares for cash domestically. | ||||
Date of events | 2021/12/17 | 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.):China Petrochemical Development Corporation's new common shares for cash domestically. 2.Date of occurrence of the event:2021/12/17 3.Amount, unit price, and total monetary amount of the transaction: (1)Amount:136,169,760 shares. (2)unit price:NT$11.75. (3)total monetary amount of the transaction:NT$1,599,994,680. 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):China Petrochemical Development Corporation / Related Party 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: N/A. It's participation in the cash capital increase as original shareholder. 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:NA. 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):NA. 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):NA. 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:Depends on terms release by China Petrochemical Development Corporation. 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: (1)The reference basis for the decision on price:the issue price by China Petrochemical Development Corporation the decision-making. (2)unit:Board of directors resolution. 11.Net worth per share of the Company's underlying securities acquired or disposed of:NTD 22.59 per share. 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:(1)Cumulative no.of shares held (including the current transaction):176,883,510 shares. (2)Cumulative no.of their monetary amount (including the current transaction):NTD2,623,586,398. (3)Cumulative no.of shareholding percentage (including the current transaction):4.67%. (4)Cumulative no.of shares pledg (including the current transaction):38,775,000 shares. 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:(1)Current ratio of securities investment to the total assets: 23.72%. (2)Current ratio of securities investment to equity attributable to owners of the parent: 47.76%. (3)Working capital: NTD16,728,589 thousand. 14.Broker and broker's fee:NA. 15.Concrete purpose or use of the acquisition or disposal:Investment. 16.Any dissenting opinions of directors to the present transaction:None. 17.Whether the counterparty of the current transaction is a related party:Yes. 18.Date of the board of directors resolution:2021/12/17 19.Date of ratification by supervisors or approval by the Audit Committee:2021/12/16 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:No. 21.Name of the CPA firm:CHUNYI MANAGEMENT CONSULTING CO. LTD 22.Name of the CPA:Jia Sheng, Huang 23.Practice certificate number of the CPA: Financial Supervisory Comission R.O.C(TAIWAN) No. 7063 24.Whether the transaction involved in change of business model:No. 25.Details on change of business model:NA. 26.Details on transactions with the counterparty for the past year and the expected coming year:None. 27.Source of funds:Own funds. 28.Any other matters that need to be specified:None. |
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BES Engineering Corporation published this content on 17 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2021 09:38:04 UTC.