Taishin Financial : Announced by Taishin Financial Holdings,on behalf of Taishin International Bank, the transfer of performing lending assets
March 15, 2017 at 07:11 am EDT
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Announced by Taishin Financial Holdings,on behalf of Taishin International Bank, the transfer of performing lending assets
1.Name and nature of the subject matter (if preferred shares,the terms and conditions of issuance shall also be indicated, e.g.dividend yield): The partial transfer of the Bank's right and obligations under the USD 10,000,000 syndicated agreement for APRIL International Enterprise Pte. Ltd formaly known as 'Heliosity
Consulting (Singapore) PTE. LTD.'
2.Date of occurrence of the event: 2017/03/15~2017/03/15
3.Volume, unit price, and total monetary amount of the transaction: Total transaction:USD 10,000,000(around NT$310,000,000)
4.Counterpart to the trade and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed): Taiwan Shin Kong Commercial Bank Co., Ltd, Hong Kong Branch
5.Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition:Not Applicable
6.Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the person's relationship to the company at those times:Not Applicable
7.Matters related to the creditor's rights currently being disposed of (including types of collateral of the disposed creditor's rights; if the creditor's rights are creditor's rights toward a related person, the name of the related person and the book amount of the creditor's rights toward such related person currently being disposed of must also be announced):Not Applicable
8.Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained):None
9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:In Compliance with the syndication agreement.
10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:Syndication agreement and common market practices.
11.Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):Not Applicable
12.Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:Not Applicable
13.Broker and broker's fee:Not Applicable
14.Concrete purpose or use of the acquisition or disposal:Loan Portfolio Management
15.Net worth per share of the underlying securities acquired or disposed of:Not Applicable
16.Do the directors have any objection to the present transaction?:None
17.Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?:None
18.Any other matters that need to be specified:Reference exchange rate between USD and NTD is 1/31
Taishin Financial Holding Co. Ltd. published this content on 15 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 March 2017 11:10:13 UTC.
Original documenthttps://www.taishinholdings.com.tw/english/Investors/index.jsp?rowId=2873
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Taishin Financial Holding Co Ltd is a Taiwan-based financial holding company principally engaged in the investment and management of its subsidiaries. The Company operates through three business segments. The Banking Businesses segment is mainly engaged in the wealth management, consumer financing, corporate financing, electronic financing, credit cards and trust businesses. The Securities Businesses segment is mainly engaged in the securities brokerage and proprietary trading businesses, as well as the provision of consulting and underwriting services. The Others segment is mainly engaged in the provision of management services for group companies. The Company is also involved in the futures trading, venture capital, insurance brokerage and other finance related businesses.