| Provided by: FETL | |||||
| SEQ_NO | 1 | Date of announcement | 2009/06/29 | Time of announcement | 18:10:27 |
| Subject | To clarify the report of Economic Daily News on 2009/06/27 | ||||
| Date of events | 2009/06/27 | To which item it meets | article 2 paragraph 31 | ||
| Statement |
1.Name of the reporting media:Economic Daily News C1 2.Date of the report:2009/06/27 3.Content of the report: Far Eastern Textile Ltd. (FETL) is considering transforming into a pure holding company and expanding the polyester capacity in Taiwan and China. 4.Summary of the information provided by investors:NA 5.Company's explanation of the reportage or provided information: (1)Far Eastern Textile is contemplating the possibility of transforming into an industrial holding company. However, without any concrete statutory law in Taiwan so far, this idea remains still under consideration (2)In order to meet the downstream demand and improve the company's economy of scale, FETL plans to increase its output of polyester products in its production sites in Kuanyin of Taiwan and Far Eastern Industries (Shanghai) Ltd in China. 6.Countermeasures:To clarify the report 7.Any other matters that need to be specified:Nil |
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