Fubon Financial Holdings Co. Ltd.

11/22/2021 | Press release | Distributed by Public on 11/22/2021 05:31

Announcement by Fubon Financial Holding on behalf of Taipei Fubon Commercial Bank Co., Ltd. (the 'Bank') for its disposal of syndicated loans

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Provided by: Fubon Financial Holding Co., Ltd.
SEQ_NO 3 Date of announcement 2021/11/22 Time of announcement 19:15:29
Subject
 Announcement by Fubon Financial Holding on behalf
of Taipei Fubon Commercial Bank Co., Ltd. (the "Bank")
for its disposal of syndicated loans
Date of events 2021/11/22 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.): Syndicated loans.
2.Date of occurrence of the event:2021/11/22~2021/11/22
3.Amount, unit price, and total monetary amount of the transaction:
 Total commitment amount of USD100,000,000.
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):
 The following parties all are not related parties.
 Oversea-Chinese Banking Corporation Limited;
 Emirates NBD Bank (P.J.S.C);
 National Bank of Kuwait S.A.K.P..
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): Collateral type associated with
 disposed creditor's rights: Nil.
 Creditor's rights toward a related person: 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): Nil.
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:Terms of delivery or payment, restrictive
 covenants and other important stipulations are in accordance with
 the Loan Agreements and common market practices for syndicated loans.
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:
 Final approval in accordance with the Bank's internal policies;
 related terms and conditions are in accordance with the Loan Agreements
 and common market practices for syndicated loans.
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:
 Management of loan portfolio.
16.Any dissenting opinions of directors to the present transaction:
 Not applicable.
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: Not applicable.
21.Name of the CPA firm: Not applicable.
22.Name of the CPA: Not applicable.
23.Practice certificate number of the CPA: Not applicable.
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:
 Past year: Nil.
 The expected coming year: We will depends on market conditions and
 the Bank's business strategy in the future.
27.Source of funds: Not applicable.
28.Any other matters that need to be specified: Nil.