CDF, on behalf of CDIB, announced the Board's resolution to sell common stock of Tung Ting Gas Corporation

2016-11-18
Announcements

Date of announcement 2016/11/18
Time of announcement 17:39:31

Date of events 2016/11/18
To which item it meets paragraph 20
Statement
1.Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g.dividend yield):common stock of Tung Ting Gas Corporation
2.Date of occurrence of the event:2016/11/18
3.Volume, unit price, and total monetary amount of the transaction:
Volume:104,066,400 common shares
Unit Price:No less than NTD 9.735
Total monetary amount of the transaction:No less than NTD 1,013 million
4.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:CPC Corporation, Taiwan. The counterpart is not an actual related party of CDIB.
5.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
6.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
7.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
8.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): No less than NTD 963 million
9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: Per Merger Agreement between CPC Corporation, Taiwan and Tung Ting Gas Corporation.
10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:
The manner in which the current transaction was decided:the reference basis for the decision on price:Per Merger Agreement between CPC Corporation, Taiwan and Tung Ting Gas Corporation.
The decision-making department:The transaction to be approved by the Board of CDIB
11.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):
Cumulative volume:0
Cumulative amount:0
Shareholding percentage:0%
Status of any restriction of rights:N/A
12.Current ratio of long or short term securities investment (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:
Current ratio of long or short term securities investment (including the current trade) to the total assets in the most recent financial statement:72.58%
Current ratio of long or short term securities investment (including the current trade) to the shareholder's equity in the most recent financial statement:75.78%
The operating capital as shown in the most recent financial statement:N/A
13.Broker and broker's fee:N/A
14.Concrete purpose or use of the acquisition or disposal: For the needs of investment portfolio expansion
15.Net worth per share of the underlying securities acquired or disposed of: NTD 8.77
16.Do the directors have any objection to the present transaction?: NO
17.Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?: NO
18.Any other matters that need to be specified: NO