Last checked at 8 Aug 2023 12:16
Subject:(Supplemental)-Announcement of disposal common shares of WISTRON CORPORATION ("WISTRON") to reach NTD 300 million within one year
Date of events:2023/08/08
Contents:
1.Name of the securities: Common shares of WISTRON
2.Trading date:2023/07/05~2023/08/08
3.Amount, unit price, and total monetary amount of the transaction:
(1)The shares and amounts of the disposal which executed before 2023/08/03 is referring to the original announcement.
(2)The additional disposal, not exceeding 33,000,000 shares at market price, was approved by the board of directors and be executed. Total shares and amount of the additional disposal are 33,000,000 with NTD 4,022,449 thousands.4.Gain (or loss) through disposal (not applicable in case of acquisition of securities):
This disposal is selling financial assets measured FVTOCI (fair value through other comprehensive income), the result of this disposal will be booked in equity item of B/S and will NOT impact on the Company's P&L.
5.Relationship with the underlying company of the trade:
WISTRON is not the Company' related party.
6.Current cumulative amount held, monetary amount, and shareholding percentage of cumulative holdings of the securities being traded (including the current trade), and status of any restriction of rights (e.g. pledges):
Cumulative volume: Acer and it's 100% owned subsidiary, ADSC, still hold total 32,155,182 shares of WISTRON.
Holding ratio: around 1.1%
7.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:
Current ratio to the total assets: 58.76%
Current ratio to the shareholder's equity: 113.59%
Operating capital: NTD-4,987,317 thousands
8.Concrete purpose of the acquisition or disposal:
Optimizing the long-term investment portfolio of securities under financial assets.
9.Any dissenting opinions of directors to the present transaction: None
10.Whether the counterparty of the current transaction is a related party: None
11.Trading counterparty and its relationship with the Company: Not applicable.
12.Date of the board of directors resolution: NA
13.Date of ratification by supervisors or approval by the audit committee: NA
14.Any other matters that need to be specified: None