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Acer Incorporated (ACID)

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Monday 13 November, 2017

Acer Incorporated

Disclosure on behalf of Acer Subsidiary, ACCN

RNS Number : 2895W
Acer Incorporated
13 November 2017

Subject: Disclosure on behalf of Acer Subsidiary, Acer Computer (Shanghai) Ltd.

Date of events:2017/11/13


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):

  (1) Acquisition of China Merchants Bank CNY Financial Plan

  (2) Acquisition of Fubon Bank (China) CNY SDRMBC

2.Date of occurrence of the event:2017/11/01~2017/11/13

3.Volume, unit price, and total monetary amount of the transaction:

  (1) Acquisition China Merchants Bank 11/1-11/13 100,000,000; CNY1; CNY100,000,000 


  (2) Acquisition Fubon Bank(China) 11/13 80,000,000; CNY1; CNY80,000,000(=NTD361,560,000)

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): (1) China Merchants Bank (2) Fubon Bank(China)

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:NA

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:NA

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):NA

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): NA

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: One payment by cash or wire

10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: Based on agreement and internal policy

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):

  (1) China Merchants Bank holdings 280,000,000; CNY280,000,000(=NTD1,269,150,000) ; 0; No

  (2) Fubon Bank(China) holdings 250,000,000; CNY250,000,000(=NTD1,133,360,000); 0; No

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:

 (1) China Merchants Bank: 0.98%; 2.2%; NTD-14,477,299,135

 (2) Fubon Bank(China): 0.87%; 1.97%; NTD-14,477,299,135

13.Broker and broker's fee:NA

14.Concrete purpose or use of the acquisition or disposal: Short term investment

15.Net worth per share of the underlying securities acquired or disposed of: NA

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:No

This information is provided by RNS
The company news service from the London Stock Exchange

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