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SEQ_NO |
3 |
Date of announcement |
2024/05/09 |
Time of announcement |
17:52:30 |
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Subject |
Far Eastern New Century (FENC) announced its BOD resolved to issue unsecured sustainable exchangeable corporate bond into existing shares of ACC and FEDS |
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Date of events |
2024/05/09 |
To which item it meets |
paragraph 20 |
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Statement |
1.Name of the securities: (1) Common shares of Asia Cement Corporation (Stock code: 1102) (2) Common shares of Far Eastern Department Stores Ltd. (Stock code: 2903) 2.Trading date:2024/05/09 3.Amount, unit price, and total monetary amount of the transaction: (1) Less than NT$1,000,000,000. The exchange price will be determined after the lead underwriter conducts inquiries through the bookbuilding process. (2) Less than NT$1,500,000,000. The exchange price will be determined after the lead underwriter conducts inquiries through the bookbuilding process. 4.Gain (or loss) through disposal (not applicable in case of acquisition of securities):In accordance with the determined exchange price in the future 5.Relationship with the underlying company of the trade: The investees of FENC under equity method 6.Current cumulative amount held, monetary amount, and shareholding percentage of cumulative holdings of the securities being traded (including the current trade), and status of any restriction of rights (e.g.pledges): (1) Asia Cement Corporation 750,551,324 shares / NT$ 21,292,206,242 / 21.16% pledge 19,900,000 shares (2) Far Eastern Department Stores Ltd. 241,769,702 shares / NT$ 5,552,375,877 / 17.06% / NIL 7.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: 85.21% / 140.02% / NT$ 8,225,887,000 8.Concrete purpose of the acquisition or disposal: The Company planned to issue exchangeable corporate bonds for supporting the Company and investing in subsidiary, Oriental Petrochemical (Taiwan) Co., Ltd., for green investment projects, or repayments required by the aforementioned projects, or the Company's long-term business development in order to fulfill the corporate sustainable goal of friendly environment and co-prosperous society. 9.Any dissenting opinions of directors to the present transaction:NIL 10.Whether the counterparty of the current transaction is a related party:No 11.Trading counterparty and its relationship with the Company:N/A 12.Date of the board of directors resolution:2024/05/09 13.Date of ratification by supervisors or approval by the audit committee:2024/05/07 14.Any other matters that need to be specified: Since the exchange price has not been determined yet, the transaction details are not applicable at this time. |
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