Today's Information |
Provided by: Asia Pacific Telecom Co.,Ltd. | |||||
SEQ_NO | 3 | Date of announcement | 2022/05/31 | Time of announcement | 17:00:57 |
Subject | Announcement of the spectrums exchange with Far EasTone Telecommunications Co., Ltd. | ||||
Date of events | 2022/05/31 | To which item it meets | paragraph 20 | ||
Statement | 1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.): Regarding the 2595 MHz~2615 MHz in total 20MHz (assigned by NCC) and 2615 MHz~2620 MHz in total 5MHz(not used, not assigned by NCC) held by Far EasTone Telecommunications Co., Ltd.(hereinafter referred to as "Far EasTone") exchange with 723 MHz ~728 MHz uplink and 778 MHz ~783 MHz downlink in total 10 MHz held by Asia Pacific Telecom Co.,Ltd.(hereinafter referred to as "APT"). 2.Date of occurrence of the event:2022/05/31 3.Amount, unit price, and total monetary amount of the transaction: (1)Exchange spectrums value:Residual value was calculated the amortization from the next month after APT and Far EasTone each Parties bid the spectrums to the end of the month when obtaining the approval by National Communications Commission. (2)After calculation up to the end of May 2022, the fair value as follows: APT's 723MHz~728MHz (uplink), 778MHz~783MHz (downlink) in total 10MHz bandwidth: The total transaction amount is NT$1,702,500,000 (tax excluded). Far EasTone 2595MHz~2620MHz in total 25MHz bandwidth: The total transaction amount is NT$1,402,870,000 (tax excluded) Far EasTone still has to pay a price difference of about NT$299,630,000 (tax excluded) to APT. 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): Far EasTone Telecommunications Co., Ltd. Non-related party 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:Not applicable 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:Not applicable 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Not applicable 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):This spectrums exchange has no commercial substance and is therefore not applicable 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:In accordance with the contract 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: The Board Resolution Exchange spectrums value:Residual value was calculated the amortization from the next month after APT and Far EasTone each Parties bid the spectrums to the end of the month when obtaining the approval by National Communications Commission. 11.Net worth per share of the Company's underlying securities acquired or disposed of:Not applicable 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:Not applicable 13.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:Not applicable 14.Broker and broker's fee:Not applicable 15.Concrete purpose or use of the acquisition or disposal: It can enhance the company's spectrum efficiency, increase the competitiveness of mobile communication business and reduce operating costs. 16.Any dissenting opinions of directors to the present transaction:No 17.Whether the counterparty of the current transaction is a related party:No 18.Date of the board of directors resolution:NA 19.Date of ratification by supervisors or approval by the Audit Committee:NA 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:No 21.Name of the CPA firm:Jiann Tuoh & Co., C.P.A 22.Name of the CPA:WU, YU-CHI 23.Practice certificate number of the CPA:Tapei CPA No. 1740 24.Whether the transaction involved in change of business model:No 25.Details on change of business model:Not applicable 26.Details on transactions with the counterparty for the past year and the expected coming year:Not applicable 27.Source of funds:Not applicable 28.Any other matters that need to be specified: Supplementary explanation of the company's announcement 「The Board of Directors resolved to sign the business cooperation contracts」on November 5, 2020. The Company received the approval dated May 30, 2022 from the National Communications Commission on May 31, 2022. |
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Asia Pacific Telecom Co. Ltd. published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 09:09:08 UTC.