Date of announcement 2019/04/24
Time of announcement 19:01:31
Date of events 2019/04/24
To which item it meets paragraph 4
Statement
1.Date of occurrence of the event:2019/04/24
2.Name and nature of the subject matter:Main business of Global Securities Finance Corporation
3.Transaction price:NTD15 million and the amount of related claims, collateral and rights as of the date of business assignment (tentative estimate of NTD3.206 billion).
4.Counterparty to the transaction:Yuanta Securities Finance Co., Ltd.
5.Relationship to the Company:None
6.Projected profit or loss on the assignment:NTD15 million
7.Price appraisal institution:China Credit Information Service. Ltd. issued the valuation report and BDO Taiwan CPA Zhi-Xian Zhou issued the fairness opinion.
8.Appraisal value:NTD 12.205 million~NTD16.166 million
9.Cause of any significant discrepancy with the monetary amount of the transaction and CPA's opinion:None
10.Monetary amount of the assigned business or assets:estimated net asset of NTD 3.206 billion
11.Share of net property, plant, equipment and investment property assigned business or assets account for:1042%
12.Share of total assets assigned business or assets account for:52%
13.Broker:None
14.Broker's fee:None
15.Concrete objective or purpose of the assignment:To close business
16.Course and progression of relevant decision-making:To submit for Board approval and thereafter for shareholders' approval
17.Projected effect on Company finances and business:Cash flow will increase
18.Any other matters that need to be specified:
(1) The transaction price of NTD15 million applies where the value of the margin loan and loan secured by securities as of one business day
prior to the date of assignment falls within NTD2.806 billion to NTD3.43 billion (both inclusive); otherwise, the transaction price will
be adjusted in accordance with the proportional ratio of the value of the margin loan and loan secured by securities as of one business day
prior to the date of assignment and NTD3.118 billion.
(2) The transaction is subject to approval of the regulatory authorities.