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News Releases |
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Yuanta Financial Holdings(formerly FFHs)announces cash subscription of all
Yuanta Futures' common stock under private placement held by Yuanta Securities |
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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 Futures' common
stock under private placementDate of completion of capital amendment registration: 2007/11/09
- Date of occurrence of the event: 2007/11/27
- Volume, unit price, and total monetary amount of the transaction:
Volume: 14,000,000
shares; unit price: NT$16.79 per share;
Total amount: NT$235,060,000 - 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; the relationship to the Company: Yuanta Securities is YFHs' 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: To simplify
YFHs' investment structure and move up second-tier subsidiaries to first tier
- 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: After obtaining approvals
from the relevant authorities, YFHs will soon complete all transactions within the
timeframe agreed by the parties.
- The manner in which the current transaction was decided, the reference basis for
the decision on price, and the decision-making department: The price was decided
based on the net worth per share as settled by Yuanta Futures for October 2007,
after taking into account the opinions provided by Trust Net United CPAs Firm as
to its reasonableness. After a review by YFHs' president and chairman, the price
was approved by the auditing committee and the 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: 136,521,000 shares; amount: NT$2,202,000,000;
100% owned by YFHs; no shares 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: 16.07%;to shareholder's equity:17.18%; operating capital:NT$12,009,482,000.
- Concrete purpose or use of the acquisition or disposition: To strengthen YFHs' operating
capital efficiency and further enhance the management efficiency of invested businesses
- The discrepancy between the reference price of private placement and the transaction
amount per share is 20 percent or more of the transaction amount: No
- Net worth per share of company underlying securities acquired or disposed of: NT$16.79
per share
- Do the directors have any objection to the present transaction?: No
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