SEQ_NO | 1 | Date of announcement | 2013/04/03 | Time of announcement | 14:02:27 |
Subject |
Announcing on behalf of the Company’s subsidiary, FEPI concerning establishment of a new company with Ishizuka Glass Co., Ltd, of Japan. |
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Date of events | 2013/04/03 | To which item it meets | article 2 paragraph 49 | ||
Statement |
1.Date of occurrence of the event:2013/04/03 2.Company name:Far Eastern Polychem Industries Ltd.(FEPI) 3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiary 4.Reciprocal shareholding ratios:100% 5.Cause of occurrence: The Company (“FENC”), through its subsidiary, FEPI, has entered into a joint venture with Ishizuka Glass Co., Ltd (“IGC”), of Japan to establish Far Eastern Ishizuka Green PET Corporation (”FIGP”) to conduct R-PET production and distribution business. FIGP’s current paid-up capital stands at 150M Japanese Yen, of which 80% is contributed by FEPI and 20% is contributed by IGC. The plant’s annual R-PET production capacity is 35,000 and is scheduled to commence operation on 2014, April. 6.Countermeasures:None 7.Any other matters that need to be specified: This investment matter is below the threshold (requiring public disclosure) under the “Acquisition or Disposition Handling Rules” , however, this disclosure is made by the parent company FENC at Taiwan Stock Exchange concurrently with the disclosure by the other joint venture IGC at Tokyo Stock Exchange. |