Taishin Financial : FHC announces on behalf of its subsidiary D.A. Finance Co.,Ltd. sale of Financial Leasing (China) Co., Ltd. in equity
August 25, 2014 at 03:30 am
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1.Date of occurrence of the event:2014/08/18
2.Method of the present increase (decrease) in investment:
equity trading
3.Transaction volume, price per unit, and total monetary
amount of the transaction:
Volume:N/A
Unit price:N/A
Total amount:US$ 3 million
4.Company name of the invested mainland Chinese company:
Taishin Financial Leasing (China)Co.,Ltd.
5.Paid-in capital of said invested mainland Chinese company:
CNY145,861,700.01(2014/6/30)
6.Amount of new capital increment currently planned
by said invested mainland Chinese company:N/A
7.Main business items of said invested mainland Chinese
company:
Financial leasing
8.Type of CPA opinion issued for the financial statement
of said invested mainland Chinese company for the most
recent fiscal year:
The financial statements of the company present fairly,
in all material respects, the company's financial position,results of
operations and cash flows for the year 2013.
9.Net worth of said invested mainland Chinese company on
the financial statement for the most recent fiscal year:
CNY113,039,476.74(2013/12/31)
10.Amount of profit/loss of said invested mainland Chinese
company on the financial statement for the most recent
fiscal year:
CNY-6,333,780.02(2013/12/31)
11.Amount of actual investment to date in said invested
mainland Chinese company:
US$3 million
12.Counterparty to the transaction and its relationship
to the Company:
Taishin Venture Capital Co., Ltd is a 100% directly held
subsidiary of Taishin FHC
13.Where the counterparty to the transaction is an actual
related party, public announcement shall also be made of
the reason for choosing the related party as the
counterparty and the identity of the previous owner
(including its relationship with the company and the
trading counterpart), the date of transfer, and the price:
Adjust Taishin Financial Leasing (China) Co., Ltd.
as a single corpotate shareholders structure based on the
Holding Group's overall operational planning considerations
14.Where a person who owned the subject matter of the
transaction within the past five years has been an
actual related party of the company, public
announcement shall also be made of the dates and
prices of acquisition and disposal by the related
party and such party's relationship to the company
at those times:
The relationship made date:N/A
Relationship with the company:N/A
15.Gain (or loss) on disposal:0
16.Terms of delivery or payment (including payment period
and monetary amount), restrictive covenants in the
contract, and other important stipulations:
Physical sale will be delivered along with Investment Commission, MOEA's appr
oval
17.The manner of deciding on this transaction, the reference
basis for the decision on price and the decision-making
department:
The decision-making department:Board of Directors
18.Broker:N/A
19.Concrete purpose of the acquisition or disposal:
Adjust Taishin Financial Leasing (China) Co., Ltd.
as a single corpotate shareholders structure based on the
Holding Group's overall operational planning considerations
20.Do the directors have any objection to the present transaction?:
None
21.Total amount of mainland China area investment
(including the present investment) approved by the
Investment Commission to date:
NT$90,099¥a¤¸
22.Ratio of the total amount of investment (including
the present investment) in the mainland China area approved
by the Investment Commission to date to the paid-in capital
on the financial statement for the most recent period:
0.18%
23.Ratio of the total amount of investment (including
the present investment) in the mainland China area
approved by the Investment Commission to date to the
total assets on the financial statement for the most
recent period:
0.01%
24.Ratio of the total amount of investment (including
the present investment) in the mainland China area approved
by the Investment Commission to date to the shareholders¡¦
equity on the financial statement for the most recent period:
0.12%
25.Total amount of actual investment in the mainland China
area to date:
NT$90,099¥a¤¸
26.Ratio of the total amount of actual investment in the
mainland China area to date to the paid-in capital on
the financial statement for the most recent period:
0.18%
27.Ratio of the total amount of actual investment in the
mainland China area to date to the total assets on the
financial statement for the most recent period:
0.01%
28.Ratio of the total amount of actual investment in the
mainland China area to date to the shareholders¡¦ equity
on the financial statement for the most recent period:
0.12%
29.Amount of recognized profits and losses on investment in
the mainland China area for the most recent three fiscal years:
2011years/NT$ 0
2012years/NT$ 0
2013years/NT$ 0
30.Amount of profit remitted back to Taiwan for the most
recent three fiscal years:
0
31.Has the CPA issued an opinion on the unreasonableness of the price
of the current transaction?:None
32.Any other matters that need to be specified:
2014/08/14 exchange rate:30.061
Taishin D.A. Finance Co.,Ltd. terminates the investment in
Taishin Financial Leasing (China) Co., Ltd. due to
Taishin Venture Capital Co., Ltd. commit to invest US$ 7 million.
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.