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News Releases |
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Announced by YFHs on behalf of Yuanta Securities Co., Ltd. the Board of Directors'
approval to sell all of its Yuanta Futures common stock under private placement |
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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 placement
- Date of occurrence of the event: 2007/11/29
- 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 Financial Holdings; 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: N/A
- 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: Payment will be made
by remittance on the trade day
- The manner in which the current transaction was decided, the reference basis for
the decision on price, and the decision-making department: Based on the ”Procedures
for Acquisition & Disposal of Assets” of the Company, the price was reviewed
by Trurt Net United CPAs Firm, whereby a report was issued and the price at NT$16.79
per share was considered to be reasonable. The decision making was exercised by
the Board of Directors and the present transaction
was approved during a board meeting
on November 29, 2007.
- 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): None
- 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:
0% to the total asset,0% to the shareholder's equity statement and the operation
capital is NT$34,372,686,000.
- Concrete purpose or use of the acquisition or disposition: Re-organization of YFH's
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: No
- Net worth per share of company underlying securities acquired or disposed of: NT$16.79
per share 16.Do the directors have any objection to the present transaction?: No
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