Today's Information |
Provided by: SHINFOX ENERGY CO., LTD. | |||||
SEQ_NO | 8 | Date of announcement | 2022/03/07 | Time of announcement | 18:35:03 |
Subject | Announced the resolution of Board of Directors of the Company to increase the cash capital of subsidiary Jiou-wei Power Co., Ltd | ||||
Date of events | 2022/03/07 | To which item it meets | paragraph 20 | ||
Statement | 1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):Common stock of Jiou-wei Power Co., Ltd 2.Date of occurrence of the event:2022/03/07 3.Amount, unit price, and total monetary amount of the transaction: Common shares:50,000,000 shares, Price per share:NTD$10, Total monetary amount of the transaction:NTD$ 500,000,000 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): Counterparty:Jiou-wei Power Co., Ltd The relationship with the compan:100% owned subsidiary of the company. 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:None 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:None 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):None 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):None 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: According to Jiou-wei Power Co., Ltd's capital increase schedule 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: The price of this transaction is decided by the board of directors with reference to the latest financial Statements of Jiuwei Electric Power Co., Ltd. which was reviewed by an accountant. as Valuation of Transaction Prices 11.Net worth per share of the Company's underlying securities acquired or disposed of:NT$9.98 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: Cumulative no.of shares held (including the current transaction): 53,000,000 shares. Monetary amount:NT$530,000,000 Shareholding Percetange: 100% Status of any restriction of rights:None 13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present: Current ratio of securities investment to the total assets: 6.7% Current ratio of securities investment to the equity attributable to owners of the parent: 9.01% Current ratio of securities investment to the working capital as shown in the most recent financial statement:NT$2,208,291 thousand dollars. 14.Broker and broker's fee:None 15.Concrete purpose or use of the acquisition or disposal: Support the operating needs of subsidiaries 16.Any dissenting opinions of directors to the present transaction:None 17.Whether the counterparty of the current transaction is a related party:Yes 18.Date of the board of directors resolution:2022/03/07 19.Date of ratification by supervisors or approval by the Audit Committee:2022/03/07 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:None 21.Name of the CPA firm:None 22.Name of the CPA:None 23.Practice certificate number of the CPA:None 24.Whether the transaction involved in change of business model:No 25.Details on change of business model:None 26.Details on transactions with the counterparty for the past year and the expected coming year:None 27.Source of funds:private capital 28.Any other matters that need to be specified:None |
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Shinfox Energy Co. Ltd. published this content on 07 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 10:48:05 UTC.