OSE - Orient Semiconductor Electronics Limited

12/08/2021 | Press release | Distributed by Public on 12/08/2021 03:13

OSE announces on behalf of ORIENT SEMICONDUCTOR ELECTRONICS PHILIPPINES, INC. regard the disposal of real estate.

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Provided by: Orient Semiconductor Electronics, Limited
SEQ_NO 1 Date of announcement 2021/12/08 Time of announcement 17:06:11
Subject 
 OSE announces on behalf of
ORIENT SEMICONDUCTOR ELECTRONICS PHILIPPINES, INC.
regard the disposal of real estate.
Date of events 2021/12/08 To which item it meets paragraph 51
Statement 
1.Date of occurrence of the event:2021/12/08
2.Company name:
ORIENT SEMICONDUCTOR ELECTRONICS PHILIPPINES, INC.
3.Relationship to the Company (please enter ��head office�� or
  ��subsidiaries��):Subsidiaries.
4.Reciprocal shareholding ratios:93.67%
5.Cause of occurrence:
The BOD resolved to authorize Chairman to dispose of
the building on ��No.6 Ring Road, Light Industry & Science
Park II, Barangay La Mesa, Calamba City, Laguna,
Philippines.�� with the price no less than appraisal
fair value.

6.Countermeasures:None.
7.Any other matters that need to be specified:
(1)The company has appointed the accredited appraisers
   to do the appraisal and completed the valuation.
(2)The process is based on the Procedures of Acquisition
   or Disposal of Assets of the company.
(3)As for the followings of the disposal, the company
   will process and make announcements according to the
   related regulations.