SEQ_NO | 3 | Date of announcement | 2010/08/16 | Time of announcement | 20:17:43 |
Subject |
Yuan Tong International Investment Corp, a subsidiary of Far Eastern New Century(FENC), announced its disposition of common shares of NCIC |
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Date of events | 2010/08/16 | 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 New Century InfoComm Tech. Co., Ltd.(NCIC) 2.Date of occurrence of the event:2010/08/16 3.Volume, unit price, and total monetary amount of the transaction: Volume: 312,221,089 shares, Unit price: NTD10.93 per share, Total monetary amount: NTD3,412,576,503 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): NCIC; the Chairman of NCIC is the same as of the FENC. 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: Tender offer. The identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition: N/A 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):N/A 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): Anticipated profit of NTD 316,357,064 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: Terms of delivery or payment: Cash payment Payment date: 23 Aug 2010 10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: The manner in which the current transaction was decided, the reference basis for the decision on price: Tender offer. The decision-making department: The Chairman of Yuan Tong International Investment Corp. 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): Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded: 0 Status of any restriction of rights (e.g.pledges): None 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: Current ratio of long or short term securities investment to the total assets: 62.02%. Current ratio of long or short term securities investment to the shareholder’s equity: 79.12%. The operating capital in the most recent financial statement: NTD 0 13.Broker and broker's fee:N/A 14.Concrete purpose or use of the acquisition or disposition:To unlock the potential investment value through disposal of NCIC common shares. 15.Net worth per share of company underlying securities acquired or disposed of:N/A 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 |