The company and its 100%-owned subsidiaries intend to
acquire common shares of Coretronic Corporation
Date of events
2023/02/24
To which item it meets
paragraph 20
Statement
1.Name of the securities:Coretronic Corporation common shares
2.Trading date:2022/02/25~2023/02/24
3.Amount, unit price, and total monetary amount of the transaction:
The total transaction amount is planned to be no more than
NT$2.5 billion, depending on the market price to determine
the purchase quantity and the actual total amount.
4.Gain (or loss) through disposal (not applicable in case of acquisition of
securities):NA
5.Relationship with the underlying company of the trade:
Not Related parties.
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):
As of February 24, 2022,the Company,subsidiary Huali Investment Co.,Ltd.,
subsidiary Hannshine Investment Co.,Ltd.and subsidiary Hanns Prosper
Investment Co.,Ltd.:
Cumulative amount held: 16,395 thousand shares, 11,900 thousand shares,
5,050 thousand shares and 4,920 thousand shares.
Cumulative monetary amount:NTD 1,315,010 thousand,NTD 633,214 thousand,
NTD 296,086 thousand and NTD 296,409 thousand.
Cumulative shareholding percentage:4.19%, 3.04%, 1.29% and 1.26%.
Status of any restriction of rights: None
The circumstances of the proposed acquisition of securities will depend
on the market price to determine the purchase quantity and the actual
total amount.
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:
The company,subsidiary Huali Investment Co., Ltd.,subsidiary Hannshine
Investment Co.,Ltd.and subsidiary Hanns Prosper Investment Co.,Ltd.
(including the current trade):
Total ratio of investment to the total assets:52.54%
Total ratio of investment to shareholder's equity:60.79%
Operational capital:NT12,631,964 thousand
8.Concrete purpose of the acquisition or disposal:
Based on financial investment and future strategic development considerations
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:NA
12.Date of the board of directors resolution:2022/02/24
13.Date of ratification by supervisors or approval by
the audit committee:2022/02/23
14.Any other matters that need to be specified:None
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Hannstar Display Corporation published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 07:51:03 UTC.
Hannstar Display Corp is a Taiwan-based company mainly engaged in the research, development, design, manufacture, sale and maintenance of thin-film transistor liquid crystal displays (TFT-LCD) and touch panels. The Company provides TFT-LCD panels and touch panels, which can be widely used in electronic applications such as notebook computers, monitors, mobile phones, tablet computers, vehicle-mounted industrial control products, and liquid crystal display televisions. The Company mainly distributes products to Taiwan, Japan, South Korea, the United States, Mainland China and Europe.