>News>Subsidiary Announcement>Yuan Tong Investment Co., Ltd., the subsidiary of FENC, planned to acquire common shares of Far Eastern International Bank through after-hour paired block trades
Yuan Tong Investment Co., Ltd., the subsidiary of FENC, planned to acquire common shares of Far Eastern International Bank through after-hour paired block trades
From：
SEQ_NO
1
Date of announcement
2017/04/24
Time of announcement
19:06:29
Subject
Yuan Tong Investment Co., Ltd., the subsidiary of
FENC, planned to acquire common shares of Far Eastern
International Bank through after-hour paired block trades
Date of events
2017/04/24
To which item it meets
paragraph 49
Statement
1.Date of occurrence of the event:2017/04/24
2.Company name:Yuan Tong Investment Co., Ltd.(YTIC)
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):The subsidiary of FENC
4.Reciprocal shareholding ratios:100%
5.Cause of occurrence:
YTIC planned to acquire 54,103,774 and 25,770,910 Far Eastern International Bank (FEIB) common shares from Oriental Union Chemical Corporation and
Far Eastern Department Stores Co. Ltd. through after-hour paired block trades respectively. After the transaction is completed, the Company will hold
99,670,228 common shares of FEIB.
6.Countermeasures:N.A.
7.Any other matters that need to be specified:
The transaction date, price per share and total transaction amount will be announced once the transaction is completed.
