Farglory F T Z Investment : Announcement of the resolution by the board of directors of common share exchange on behalf of the subsidiary of Farglory Free Trade Zone Co., Ltd.
Provided by: Farglory F T Z Investment Holding Co.,Ltd.
SEQ_NO
2
Date of announcement
2022/07/21
Time of announcement
17:36:06
Subject
Announcement of the resolution by the board of directors
of common share exchange on behalf of the subsidiary of
Farglory Free Trade Zone Co., Ltd.
Date of events
2022/07/21
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event: 2022/07/21
2.Company name:
Farglory Free Trade Zone Co., Ltd. (FTZ)
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):Subsidiary
4.Reciprocal shareholding ratios:
Farglory Free Trade Zone Investment Holding Co., Ltd. holds 90.43%
shareholdings of FTZ.
5.Cause of occurrence:
To simplify the share structure, enhance the internal integration of the
Group, and improve the operation performance to meet the goal of corporate
growth and sustainable operations. The Board of Directors of Farglory Free
Trade Zone Investment Holding Co., Ltd. have passed the resolution of share
exchange with 2.04 common share of FTZ in exchange with 1 common share of
Farglory Free Trade Zone Investment Holding Co., Ltd.
6.Countermeasures:
It should bring positive benefits to sales expansion, market competitiveness,
and shareholders'interest through effective resource integration and drive
the market competitiveness.
7.Any other matters that need to be specified:
The share exchange ratio is calculated by index such as Farglory Free Trade
Zone Investment Holding Co., Ltd.'s fair value of the public offering
market, 2022 Q1 financial reports certified by CPA, both companies'net
value, operating status, corporate position, corporate value, and market
values, while referring to appraisal report by ClientView International
Financial Consulting Co., Ltd. and fairness opinion on share exchange ratio
issued by CPA Ju-Yo Tang from Horng Yow Accounting Firm after reviewing
the financial information. In sum, the share exchange ratio is reasonable
and shall not have significant negative impact on shareholders'equity.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Farglory F T Z Investment Holding Co. Ltd. published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 09:43:01 UTC.
Farglory Free Trade Zone Investment Holding Co., Ltd Farglory Free Trade Zone Investment Holding Co., Ltd is a Taiwan-based company principally engaged in the general investment business. Through its subsidiaries, the Company is mainly engaged in the provision of cargo warehousing services, airline containers and pallet safe custody services, the offices, warehouses and value-added industrial plants rental services, as well as the air cargo agency services and global cargo tracking query services. The Company mainly operates its business within Taiwan market.
Farglory F T Z Investment : Announcement of the resolution by the board of directors of common share exchange on behalf of the subsidiary of Farglory Free Trade Zone Co., Ltd.