1.Date of occurrence of the event:2016/06/24
2.Company name:Far Eastern New Century (FENC)
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head office
4.Reciprocal shareholding ratios:NA
5.Name of the reporting media:Commercial Times
6.Content of the report:
(1)FENC will launch an US$760 million vertical integrated
investment from upstream polyester to downstream garments
in Vietnam.
(2)FENC will launch a NT$2.5 billion project of a
cogeneration plant.
(3)FENC’s revenue will grow by 10% each year in
the next three years.
7.Cause of occurrence:To clarify the information published
by local press, Commercial Times, on 2016/6/24
8.Countermeasures:
(1)The Company has planned to establish a vertical
integrated plant of US$760 million in Vietnam and
announced the relevant investment amount according
to regulations.
(2)The cogeneration project, disclosed in 2015
annual report, is one of the Company’s CAPEX projects.
(3)The Company does not provide any financial forecast
and the revenue growth is estimated by the media.
9.Any other matters that need to be specified:None
