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News Releases |
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| Yuanta Securities Finance Company will acquire the business of the Entie Securities Finance Company. |
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- Kind of merger/acquisition (e.g. merger, consolidation, spin-off, acquisition, or receiving assignment of shares): Acquisition.
- Date of occurrence of the event: 2009/09/29
- Names of companies participating in the merger (e.g. name of the other company participating in the merger or consolidation, newly established company in a spin-off, acquired company, or company whose shares are taken assignment of): Yuanta Securities Finance Co., Ltd.
- Counterparty (e.g. name of the other company participating in the merger or consolidation, company taking assignment of the spin-off, or counterparty to the acquisition or assignment of shares): Entie Securities Finance Co., Ltd.
- Relationship between the counterparty and the Company (investee company in which the Company has re-invested and has shareholding of XX%), and explanation of the reasons for the decision to acquire, or take assignment of the shares of, an affiliated enterprise or related person, and whether it will affect shareholders' equity: No.
- Purpose/objective of the merger/acquisition: To increase the market share.
- Anticipated benefits of the merger/acquisition: Futher strengthen competitiveness and increase the market share.
- Effect of the merger or consolidation on net worth per share and earnings per share: no effect.
- Share exchange ratio and basis of its calculation: NTD 7.5million. The acquisition price is calculated based on transfer operating costs.
- Scheduled timetable for consummation: Board of directors authorizes chairman of the board to arrange acquisition schedule.
- Matters related to assumption by the existing company or new company of rights and obligations of the extinguished (or spun-off) company: Yuanta Securities Finance Company acquires the business of the Entie Securities Finance Company.
- Basic information of companies participating in the merger: Yuanta Securities Finance Company's scope of operations includes margin transaction, short-selling financing, refinancing to securities firms and other businesses authorized by Taiwan's SEC to finance securities subscribers. Entie Securities Finance Company has the same operations as Yuanta Securities Finance Company.
- Matters related to the spin-off (including estimated value of the business and assets planned to be assigned to the existing company or new company; the total number and the types and volumes of the shares to be acquired by the split company or its shareholders; matters related to the reduction, if any, in capital of the split company) (note: not applicable other than where there is announcement of a spin-off):N/A
- Conditions and restrictions on future transfers of shares resulting from the merger or acquisition: N/A
- Other important stipulations: N/A
- Do the directors have any objection to the present transaction? N/A
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