Statement |
1.Date of occurrence of the event:2017/08/10
2.Method of the present increase (decrease) in investment:
The Company planned to invest in Oriental Petrochemical (Shanghai) Corp. through PET Far Eastern (Holding) Limited.
3.Transaction volume, price per unit, and total monetary amount of the transaction:
N.A. / N.A. / USD 27,000,000
4.Company name of the invested mainland Chinese company:
Oriental Petrochemical (Shanghai) Corp.
5.Paid-in capital of said invested mainland Chinese company:
USD 197,310,000
6.Amount of new capital increment currently planned by said invested mainland Chinese company:
USD 44,000,000
7.Main business items of said invested mainland Chinese company:
Production and sales of PTA and self-manufactured products; wholesale, agency commission (excluding auction), importing/exporting of goods and other complimentary businesses (shall be conducted in accordance with relevant Chinese
regulations when referring to quota, licenses or special management under pertinent government departments) of relevant self-manufactured products, petrochemical/polyester materials and products (excluding specialty and hazardous
products), MEG, PET chips, filament, and staple fibers.
8.Type of CPA opinion issued for the financial statement of said invested mainland Chinese company for the most recent fiscal year:
Unquilfied Opinion.
9.Net worth of said invested mainland Chinese company on the financial statement for the most recent fiscal year:
CNY 1,016,425,785.12
10.Amount of profit/loss of said invested mainland Chinese company on the financial statement for the most recent fiscal year:
CNY (268,430,262.84)
11.Amount of actual investment to date in said invested mainland Chinese company:
USD 115,634,677
12.Counterparty to the transaction and its relationship to the Company:
Counterparty to the transaction:PET Far Eastern (Holding) Limited.
Relationship to the Company:Equity method investee.
13.Where the counterparty to the transaction is an actual related party, public announcement shall also be made of the reason for choosing the related party as the counterparty and the identity of the previous owner (including its relationship
with the company and the trading counterpart), the date of transfer, and the price:
Capital injection / NIL / NIL
14.Where a person who owned the subject matter of the transaction within the past five years has been an actual related party of the company, public announcement shall also be made of the dates and prices of acquisition and disposal by
the related party and such party's relationship to the company at those times:NIL
15.Gain (or loss) on disposal:N.A.
16.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:
Cash / NIL / NIL
17.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department:
Capital injection / Capital injection / The BOD
18.Broker:N.A.
19.Concrete purpose of the acquisition or disposal:
To increase investment
20.Do the directors have any objection to the present transaction?:NIL
21.Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date:
USD 773,022,473
22.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the paid-in capital on the financial statement for the most recent period:
43.60%
23.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the total assets on the financial statement for the most recent period:
8.17%
24.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the shareholders’ equity on the financial statement for the most recent period:
12.23%
25.Total amount of actual investment in the mainland China area to date:USD 674,530,473
26.Ratio of the total amount of actual investment in the mainland China area to date to the paid-in capital on the financial statement for the most recent period:
38.04%
27.Ratio of the total amount of actual investment in the mainland China area to date to the total assets on the financial statement for the most recent period:
7.13%
28.Ratio of the total amount of actual investment in the mainland China area to date to the shareholders’ equity on the financial statement for the most recent period:
10.67%
29.Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years:
2014 NT$1,257,721,000
2015 NT$(1,666,688,000)
2016 NT$(1,049,414,000)
30.Amount of profit remitted back to Taiwan for the most recent three fiscal years:
2014 NT$97,797,375
2015 NT$0
2016 NT$0
31.Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?:NIL
32.Any other matters that need to be specified:NIL
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