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BOD approved the Company's Capital Injection into Wisdom Marine International Inc.

2016 / 01 / 29

SH

Provided by: Wisdom Marine Lines Co., Limited
SEQ_NO 4 Date of announcement 20160129
Subject BOD approved the Company's Capital Injection into Wisdom Marine International Inc.
Date of events 2016/01/29 To which item it meets article 4 paragraph 20
Statement 
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):
Wisdom Marine International Inc.'s commom shares
2.Date of occurrence of the event: 2016/01/29
3.Volume, unit price, and total monetary amount of the transaction:
Volume: 40,000,000 common shares
Unit Price: NT$10
Total monetary amount of the transaction: NT$400,000,000
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):
Wisdom Marine International Inc., 100% owned subsidiary
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:
Wisdom Marine International Inc. is an 100% owned subsidiary of the
Company, specializing in vessel management.
The capital injection is subject to new shares;
previous owner does not exist. 
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: By cash
10.The manner in which the current transaction was decided, the 
   reference basis for the decision on price, and the decision-making
   department:
The reference basis for the decision on price: par value
The decision-making department: Board of Directors
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):
Cumulative Volume: 50,000,000 common shares
Cumulative Amount: NT$500,000,000
Shareholding Percentage: 100%
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: 0.25%
Current Ratio of long or short term securities investment to shareholder's 
equity: 0.72%
Operation Capital: -US$141,769,356.00
13.Broker and broker's fee: Not Applicable
14.Concrete purpose or use of the acquisition or disposal:
Long-term investment
15.Net worth per share of the underlying securities acquired 
   or disposed of: NT$10.25
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:
The source of capital: the operating profit of Wisdom Fleet
The reason of the aquisition: long-term investment

Wisdom Marine Lines Co. Limited issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 January 2016 09:08:27 UTC

Original Document: http://www.wisdomlines.com.tw/wisdom/php/news_content_e.php?no=288