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Capital Injection into ASCBVI

24 Mar 2016 12:48

RNS Number : 2301T
Acer Incorporated
24 March 2016
 

Subject: Capital Injection into Acer SoftCapital Incorporated (ASCBVI)

Date of events:2016/03/24

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): Common share of Acer SoftCapital Incorporated ("ASCBVI")

2.Date of occurrence of the event: 2016/03/24

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

To make a capital injection up to US$ 50 million, directly investing into ASCBVI.

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): Not applicable

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):Not applicable

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:Not applicable

10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: Board of Directors of Acer Incorporated

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): ASCBVI: up to capital of US$76,300K; directly 100% owned

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: Current ratio of long or short term securities investment to the total assets:58.46%; Current ratio of long or short term securities investment to the total assets and shareholder's equity:118.49%; operating capital:(NTD14,472,458K)

13.Broker and broker's fee: None

14.Concrete purpose or use of the acquisition or disposition: To do investment activities

15.Net worth per share of company underlying securities acquired or disposed of: None

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?: Not applicable

18.Any other matters that need to be specified: None

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