TCC - Taiwan Cement Corporation

07/29/2022 | Press release | Distributed by Public on 07/29/2022 05:11

Announce on behalf of subsidiary, TCC Jingzhou Cement, on obtaining mining rights

Today's Information

Provided by: Taiwan Cement Corp.
SEQ_NO 2 Date of announcement 2022/07/29 Time of announcement 19:10:33
 Announce on behalf of subsidiary, TCC Jingzhou
Cement, on obtaining mining rights
Date of events 2022/07/29 To which item it meets paragraph 20
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.):limestone mining rights
2.Date of occurrence of the event:2022/07/29
3.Amount, unit price, and total monetary amount of the transaction:
 limestone mining rights RMB144 millions
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
 Trading counterparty: Department of Natural Resources of Hunan Province
 Relationship with the Company: not a related party
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
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:N/A
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):N/A
8.Profit or loss from the disposal (not applicable in cases of acquisition
of securities) (those with deferral should provide a table explaining
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:
 Due according to payment invoice issued by
 the State Taxation Bureau of Changsha City, with total RMB144 millions
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:
 Price decided by: Review Committee of the Natural Resource Bureau
 of Hunan Province
11.Net worth per share of the Company's underlying securities acquired or
disposed of:N/A
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:N/A
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
14.Broker and broker's fee:N/A
15.Concrete purpose or use of the acquisition or disposal:
 Mine limestone for cement production
16.Any dissenting opinions of directors to the present transaction: None
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
21.Name of the CPA firm:N/A
22.Name of the CPA:N/A
23.Practice certificate number of the CPA:N/A
24.Whether the transaction involved in change of business model:No
25.Details on change of business model:N/A
26.Details on transactions with the counterparty for the past year and the
expected coming year:N/A
27.Source of funds:Own company fund or bank loans
28.Any other matters that need to be specified:None