Taishin Financial : Announced by Taishin Financial Holdings,on behalf of Taishin International Bank, the transfer of performing lending assets
November 25, 2015 at 06:22 am
Share
Provided by: TAISHIN FINANCIAL HOLDING CO., LTD.
SEQ_NO
1
Date of announcement
2015/11/25
Time of announcement
17:04:13
Subject
Announced by Taishin Financial Holdings,on behalf
of Taishin International Bank, the transfer of
performing lending assets
Date of events
2015/11/25
To which item it meets
paragraph 20
Statement
1.Name and nature of the subject matter (if preferred shares,
the terms and conditions of issuance shall also be indicated,
e.g.dividend yield):
The partial transfer of the Bank's right and obligations under the
USD 10,000,000 syndicated agreement for
Heliosity Consulting (Singapore) PTE. LTD.
2.Date of occurrence of the event:2015/11/25~2015/11/25
3.Volume, unit price, and total monetary amount of the transaction:
Total transaction:USD 10,000,000(around NT$325,000,000)
4.Counterpart to the trade and its relationship to the Company
(if the trading counterpart is a natural person and furthermore
is not an actual related party of the Company, the name of the
trading counterpart is not required to be disclosed):
Bank of Kaohsiung.
5.Where the counterpart to the trade is an actual related party,
a public announcement shall also be made of the reason for choosing
the related party as trading counterpart and the identity of the
previous owner (including its relationship with the company and the
trading counterpart), price of transfer, and date of acquisition:
Not Applicable
6.Where a person who owned the property within the past five years
has been an actual related person of the company, a public
announcement shall also include the dates and prices of
acquisition and disposal by the related person and the
person¡¦s relationship to the company at those times:
Not Applicable
7.Matters related to the creditor's rights currently being disposed
of (including types of collateral of the disposed creditor's rights;
if the creditor's rights are creditor's rights toward a related
person, the name of the related person and the book amount of the
creditor's rights toward such related person currently being
disposed of must also be announced):
Not Applicable
8.Anticipated profit or loss from the disposal (not applicable in
cases of acquisition of securities) (where originally deferred, the
status or recognition shall be stated and explained):
None
9.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract, and
other important stipulations:
In Compliance with the syndication agreement.
10.The manner in which the current transaction was decided, the
reference basis for the decision on price, and the decision-making
department:
syndication agreement and common market practices.
11.Current cumulative volume, amount, and shareholding percentage
of holdings of the security being traded (including the current
trade) and status of any restriction of rights (e.g.pledges):
Not Applicable
12.Current ratio of long or short term securities investment
(including the current trade) to the total assets and shareholder's
equity as shown in the most recent financial statement and the
operating capital as shown in the most recent financial statement:
Not Applicable
13.Broker and broker's fee:
Not Applicable
14.Concrete purpose or use of the acquisition or disposal:
Loan Portfolio Management
15.Net worth per share of the underlying securities acquired
or disposed of:
Not Applicable
16.Do the directors have any objection to the present transaction?:
None
17.Has the CPA issued an opinion on the unreasonableness of the price
of the current transaction?:
None
18.Any other matters that need to be specified:
None
Taishin Financial Holding Co Ltd is a Taiwan-based financial holding company principally engaged in the investment and management of its subsidiaries. The Company operates through three business segments. The Banking Businesses segment is mainly engaged in the wealth management, consumer financing, corporate financing, electronic financing, credit cards and trust businesses. The Securities Businesses segment is mainly engaged in the securities brokerage and proprietary trading businesses, as well as the provision of consulting and underwriting services. The Others segment is mainly engaged in the provision of management services for group companies. The Company is also involved in the futures trading, venture capital, insurance brokerage and other finance related businesses.