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>News>Company Announcement>FETL announces acquiring common shares of Far Eastern Polychem Industries Limited.
FETL announces acquiring common shares of Far Eastern Polychem Industries Limited.
From:FENC
SEQ_NO 1       Date of announcement  2009/09/30 Time of announcement 17:57:32
Subject FETL announces acquiring common shares of Far Eastern Polychem Industries Limited.
Date of events  2009/09/30 To which item it meets article 2 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):common shares of

Bermuda Far Eastern Polychem Industries Limited

2.Date of occurrence of the event:2009/09/30

3.Volume, unit price, and total monetary amount of the transaction:

43,988,270 shares, USD 0.27 per share, total price

USD 12,000,000

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):

Bermuda Far Eastern Polychem Industries Limited

Its chairman and FETL's chairman are the same one.

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:

Cash capital increase

through a new share issue:Nil

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:Nil

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):NA

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):NA

9.Terms of delivery or payment (including payment period and

monetary amount), restrictive covenants in the contract, and

other important stipulations:Cash/Nil/Nil.

10.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making

department:Cash capital increase, The BOD

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):

495,464,390 shares, TWD 4,403,715,198, 59.90%, Nil

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:

76.85%, 124.65%, TWD4,137,026,000

13.Broker and broker's fee:NA

14.Concrete purpose or use of the acquisition or disposition:

to increase investment.

15.Net worth per share of company underlying securities acquired

or disposed of:9.14

16.Do the directors have any objection to the present transaction?:Nil.

17.Has the CPA issued an opinion on the unreasonableness of the price

of the current transaction?:Nil

18.Any other matters that need to be specified:Nil.

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