Announces WPG acquisition of common shares of subsidiary WPG South Asia Pte. Ltd.
2022-11-08
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.):WPG South Asia Pte. Ltd. common shares
2.Date of occurrence of the event:2022/11/08
3.Amount, unit price, and total monetary amount of the transaction:
Amount:34,119,105 shares
unit price:USD 1.06
total monetary amount of the transaction:USD 36,140,128
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):
Trading counterparty:WPG International (CI) Limited
Relationship with the Company:subsidiary
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:
(1)The reason for choosing the related party as trading counterparty:
Organizational restructuring for WPG Strategic planning
(2)The identity of the previous owner:Fame Hall International Co., Ltd.
(3)Its relationship with the Company and the trading counterparty:
100% owned subsidiary of WPG Holdings Limited
(4)The previous trading date:2010/08/17
(5)The previous amount of transfer:USD 42,026.1
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:N/A
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):N/A
8.Profit or loss from the disposal (not applicable in cases of acquisition
of securities) (those with deferral should provide a table explaining
recognition):N/A
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:
Terms of delivery or payment:According to the agreement.
Restrictive covenants in the contract, and other important terms and
conditions:None
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 manner of deciding on this transaction:Board of Directors
The reference basis for the decision on price:Independent expert's report
The decision-making unit:Board of Directors
11.Net worth per share of the Company's underlying securities acquired or
disposed of:NTD 34.1 per share
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 volume:34,119,105 shares
Cumulative amount:USD 36,140,128
Shareholding ratio:100%
Status of any restriction of rights (e.g.pledges):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:107.5%
Current ratio of securities investment to the equity attributable to owners
of the parent:113.36%
working capital:-NTD7,388,922,914
Source of Fund:Self-owned fund
Source of Purpose:Organizational restructuring for WPG Strategic planning
14.Broker and broker's fee:N/A
15.Concrete purpose or use of the acquisition or disposal:
Organizational restructuring for WPG Strategic planning
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:2022/11/08
19.Date of ratification by supervisors or approval by
the Audit Committee:2022/11/08
20.Whether the CPA issued an unreasonable opinion regarding the current
transaction:No
21.Name of the CPA firm:Qunyue CPA Firm
22.Name of the CPA:Chien, Ho-Ying
23.Practice certificate number of the CPA:
Financial-Supervisory-Securities-Corporate-6691
24.Whether the transaction involved in change of business model:No
25.Details on change of business model:
The transaction involves the group reorganization of subsidiaries, which
shall not have impact on change of business model.
26.Details on transactions with the counterparty for the past year and the
expected coming year:None
27.Source of funds:Self-owned fund
28.Any other matters that need to be specified:
The effective date of share transfer is 2022/12/01.