Wisdom Marine Lines Co. Limited

11/29/2019 | Press release | Distributed by Public on 11/29/2019 03:28

BOD Approved Purchase of One 37,000DWT Bulk Carrier.

TWSE 2637 / LSE WML

News

BOD Approved Purchase of One 37,000DWT Bulk Carrier.

2019 / 11 / 29

BIZ

Provided by: Wisdom Marine Lines Co., Limited
SEQ_NO 2 Date of announcement 20191129
Subject BOD Approved Purchase of One 37,000DWT Bulk Carrier.
Date of events 2019/11/29 To which item it meets article 4 paragraph 20
Statement
1.Name and nature of the subject matter (e.g.land located at 
  Sublot XX, Lot XX, North District, Taichung City):
One 37,000DWT  bulk carrier
2.Date of the occurrence of the event:2019/11/29
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), 
  unit price, total transaction price:
Transaction volume: One bulk carrier
Unit price: No more than US$24,000,000 
Total amount: No more than US$24,000,000
4.Counterparty to the trade and its relationship with the company (if 
  the trading counterpart is a natural person and is not an actual 
  related 
  party of the Company, the name of the trading counterpart is not 
  required to be disclosed):
Onomichi Dockyard Co., Ltd. or Saiki Heavy Industries Co., Ltd. 
Not related
5.Where the counterparty to the trade is an actual related party, a
  public announcement shall also include 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 the date of 
  acquisition: Not Applicable
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.Anticipated loss or profit from the disposal (not applicable in cases 
  of acquisition of assets) (where originally deferred, the status or 
  recognition shall be stated and explained): Not Applicable
8.Terms of delivery or payment (including payment period and monetary
  amount), restrictive covenants in the contract,
 and other important stipulations:
In installments until the deliveries.
9.The manner of deciding on this transaction (such as tender invitation
 , price comparison, or price negotiation), the reference basis for the 
  decision on price and the decision-making department:
The manner of deciding on this transaction: Price negotiation
The reference basis for the decision on price: Price negotiation
The decision-making department: Board of Directors
10.Name of the professional appraisal institution and its appraisal
   amount: Not Applicable
11.Name of the appraiser: Not Applicable
12.Practice certificate number of the appraiser: Not Applicable
13.Is the appraisal report price a limited price or specific price?: NA
14.Has an appraisal report not yet been obtained?: Not Applicable
15.Reason for an appraisal report not been obtained: The asset
is operating asset which do not require an appraisal report.
16.Reason for any significant discrepancy with the transaction amount,
   and opinion of the certifying CPA: Not Applicable
17.Name of the CPA firm: Not Applicable
18.Name of the certifying CPA: Not Applicable
19.The practice certificate number of the CPA: Not Applicable
20.Broker and broker's fee: None.
21.Concrete purpose or use of the acquisition or disposal: 
Portfolio management
22.Do the directors have any objection to the present transaction?: None.
23.Is it a related party transaction?: No.
24.Date of the board of directors'resolution: NA
25.Date of the recognition of the supervisors
or the board of independent directors'resolution: NA
26.Is the transaction to acquire a real estate 
or right-of-use asset from the related party?: No.
27.The appraisal price conducted in accordance with 
the Article 16 of the 'Regulations Governing the Acquisition 
and Disposal of Assets by Public Companies': Not Applicable
28.Where the above appraisal price is lower than 
the transaction price, the appraisal price conducted 
in accordance with the Article 17 of the 
'Regulations Governing the Acquisition and Disposal 
of Assets by Public Companies': Not Applicable
29.Any other matters that need to be specified: None.