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Fubon Financial (FBND)

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Wednesday 20 March, 2013

Fubon Financial

approved Taiwan SportLottery Co.'s capital plans

RNS Number : 4534A
Fubon Financial Holdings Co Limited
20 March 2013
 



Fubon Financial Holdings

Subject:The Board of Fubon Financial approved Taiwan Sport

        Lottery Corporation's capital reduction and capital

        increase plans.

Date of events:2013/03/20

Contents:

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):

Taiwan Sport Lottery Corporation plans to issue common shares for capital increase.

2.Date of occurrence of the event:2013/03/20

3.Volume, unit price, and total monetary amount of the transaction:

After the capital reduction, Taiwan Sport Lottery Corporation's common stock will down to NT$10,as 1 share.Par value per share will be NT$10.Fubon FHC will inject no more than NT$1,699,999,990 to Taiwan Sport Lottery Corporation.

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 Sport Lottery Corporation, a 100% owned subsidiary of Fubon Financial.

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:

All shares will be subscribed by Fubon Financial

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:N/A

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):N/A

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):N/A

9.Terms of delivery or payment (including payment period and

  monetary amount), restrictive covenants in the contract, and

  other important stipulations:

Total monetary amount of the issue:NT$1,699,999,990

restrictive covenants in the contract:None

other important stipulations:None

10.The manner in which the current transaction was decided, the

   reference basis for the decision on price, and the decision-making

   department:

The transaction was approved by Board, and the transaction price was

referred to CPA's opinion.

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):

Share of Holding170,000,000 shares;

AmountNT$819,119,000

Share %100%

Status of any restriction of rightsN/A

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:

104.33%;117.41%;N/A

13.Broker and broker's fee:N/A

14.Concrete purpose or use of the acquisition or disposition:

Taipei Fubon Bank committed to provide guaranteed compensation of sporty lottery business to government. To follow the government authority's guidance to continue operating this business, Fubon Financial decided to support Taiwan Sport Lottery Corporation's capital reduction plan and do capital injection to sustain its operation.

15.Net worth per share of company underlying securities acquired

   or disposed of:Net worth per share:

NT$-2.62;Par value per share:NT$10.

16.Do the directors have any objection to the present transaction?:No

17.Has the CPA issued an opinion on the unreasonableness of the price

   of the current transaction?:No

18.Any other matters that need to be specified:No


This information is provided by RNS
The company news service from the London Stock Exchange
 
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