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News Releases |
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Yuanta Financial Holdings(former FFH)announces that cash subscribed private placement of common stock issued by its subsidiary, Yuanta Securities Finance.. |
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- Name and nature of the subject matter (if preferred shares, the terms and conditions
of issuance shall also be indicated, e.g. dividend yield): Yuanta Securities Finance's
private placement of common stock
- Date of occurrence of the event: 2007/11/01
- Volume, unit price, and total monetary amount of the transaction: Volume: 100,000,000
shares; unit price: NTD20 per share; Total amount: NTD 2,000,000,000
- 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): Counterpart:
Yuanta Securities Finance; the relationship to the Company: Yuanta Securities Finance
is YFH's 100% owned subsidiary
- 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: Subscribe
the 2007 right-issues of common stock issued by the YFH's subsidiary, Yuanta Securities
Finance.
- 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: N/A
- 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
- 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): N/A
- 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: YFH will finish the cash inject into the account of private placement on
the record date. Monetary amount: NTD2,000,000,000 Restrictive covenants in the
contract: Securities and Exchange Act, Article 43-8 Other important stipulations:
N/A
- The manner in which the current transaction was decided, the reference basis for
the decision on price, and the decision-making department: the new right-issues
common stock of Yuanta Securities Finance; based on the issue price; Audit Committee
and Board of Directors.
- 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): Volume: 900,000,000 common stocks; Amount: NTD 9,000,000,000;
100% owned by YFH; 648,325,843 common stocks pledged
- Current ratio of private placement of securities (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:
to total assets: 86.01%; to shareholder's equity: 92.32%; operating capital: NTD
(4,070,531)
- Concrete purpose or use of the acquisition or disposition: To strengthen Yuanta
Securities Finance's operating capital and further enhance the financial structure
- The discrepancy between the reference price of private placement and the transaction
amount per share is 20 percent or more of the transaction amount: None
- Net worth per share of company underlying securities acquired or disposed of: NTD
19.77per share
- Do the directors have any objection to the present transaction?: None
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