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News Releases |
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Announcement regarding the Taipei District Prosecutors Office indictment of management personnel for events that occurred at the former Yuanta Core Pacific Securities. |
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- Date of the event: 2009/04/03
- Company name: Yuanta Financial Holdings (formerly Fuhwa Financial Holding Co.)
- Relationship to the Company: Head office
- Reciprocal shareholding ratios: None
- Reason for statement: Relevant media reports in relation to certain management personnel (Chairman of Yuanta Securities, Chairman of Yuanta Securities Finance, President of Yuanta Bank, Vice President and Assistant Vice President of Bonds Department of Yuanta Securities) of the Company have been indicted by the Taipei District Prosecutors Office for the handling of structured products and purchasing of equity of Yuanta Securities Investment Trust (YSIT).
- Countermeasures: During the course of the investigation, the above-named personnel had already stated that they had taken the actions necessary to comply with relevant laws and regulations. As such, the facts used by the Prosecutor's Office for pressing the case appear to have been misunderstood. The exact grounds for the indictments are not clear so far, as the relevant documents have not been received. However, the said personnel will furnish further evidence to the court to clarify the facts in the hope that the court will render a favorable judgment.
- Any other matters that need to be specified: Except for the matters being disclosed in the previous announcements dated July 26, 2008 and March 10, 2009, the current incident has no significant effect on the financial and operational conditions of the Company.
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