{"id":14813,"date":"2015-09-25T11:56:03","date_gmt":"2015-09-25T03:56:03","guid":{"rendered":"http:\/\/www.snc.com.tw\/?p=14813"},"modified":"2015-10-08T14:33:49","modified_gmt":"2015-10-08T06:33:49","slug":"announcement-on-behalf-of-sincere-navigation-corporations-major-subsidiary-norley-corporation-inc-the-company-acquires-the-remaining-50-stock-of-a-50-subsidiary-winnington-ltd-from-its-joi","status":"publish","type":"post","link":"https:\/\/www.snc.com.tw\/en\/announcement-on-behalf-of-sincere-navigation-corporations-major-subsidiary-norley-corporation-inc-the-company-acquires-the-remaining-50-stock-of-a-50-subsidiary-winnington-ltd-from-its-joi\/","title":{"rendered":"Announcement on behalf of Sincere Navigation Corporation\u2019s major subsidiary, Norley Corporation Inc. The Company acquires the remaining 50% stock of a 50% subsidiary Winnington Ltd. from its joint venture partner Bocimar Hong Kong Limited."},"content":{"rendered":"<table style=\"height: 2005px;\" width=\"553\">\n<tbody>\n<tr>\n<td width=\"26\"><\/td>\n<td width=\"466\">SEQ NO.5\u00a0 SEQ_NO.20\u00a0\u00a0\u00a0\u00a0 Date of announcement 2015\/9\/25<\/p>\n<p>&nbsp;<\/p>\n<p>1.Name and nature of the subject matter (if preferred shares, the terms\u00a0\u00a0 and conditions of issuance shall also be indicated, e.g. dividend yield)\uff1a250 no par value common stocks of Winnington Limited<\/p>\n<p>2.Date of occurrence of the event: 2015\/9\/25<\/p>\n<p>3.Quantity, unit price, and total monetary value of the transaction:250 no par value common stocks, estimated USD9,500,000<\/p>\n<p>4.Counterpart to the transaction and its relationship to 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):The company\u2019s joint venture partner \u201cBocimar Hong Kong Limited.\u201d<\/p>\n<p>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: Purchase of 50% stocks from joint venture partner, no previous transaction.<\/p>\n<p>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\u2019s relationship to the company at those times: N\/A<\/p>\n<p>7.Matters related to the creditor\u2019s right currently being disposed of (including types of collateral of the disposed creditor\u2019s rights; if the creditor\u2019s rights are creditor\u2019s rights toward a related person, the name of the related person and the book amount of the creditor\u2019s rights toward such related person currently being disposed of must also be announced) : N\/A<\/p>\n<p>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) : N\/A<\/p>\n<p>9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: Payment is expected to be settled in late October, with an estimated amount of USD9,500,000.<\/p>\n<p>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 Norley Corporation Inc. board of Directors\u2019 Resolution<\/p>\n<p>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): wholly-owned 500 no par value common stocks<\/p>\n<p>12.Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder\u2019s equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:\u00a0\u00a0\u00a0 59.95% ; 61.35% ; USD151,352,800<\/p>\n<p>13.Broker and broker\u2019s fee : None<\/p>\n<p>14.Concrete purpose or use of the acquisition or disposition:<\/p>\n<p>Expand Operations<\/p>\n<p>15.Objection opinions of directors to this transaction : None<\/p>\n<p>16.Transaction among related parties : Yes<\/p>\n<p>17.The Board of Directors\u2019 approval date : 2015\/9\/25<\/p>\n<p>18.The Supervisors\u2019 acknowledgement date or the audio committee\u2019s approval date : N\/A<\/p>\n<p>19.The unreasonable opinion issued by accountants to this transaction.<\/p>\n<p>20.Any other necessary statements : none<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEQ NO.5\u00a0 SEQ_NO.20\u00a0\u00a0\u00a0\u00a0 Date of announcement 2015\/9\/25 &nbsp; 1.Name and nature of the subject matter (if preferred shares, the terms\u00a0\u00a0 and conditions of issuance shall also be indicated, e.g. dividend yield)\uff1a250 no par value common stocks of Winnington Limited 2.Date of occurrence of the event: 2015\/9\/25 3.Quantity, unit price, and total monetary value of the transaction:250 no par value common [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/14813"}],"collection":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/comments?post=14813"}],"version-history":[{"count":1,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/14813\/revisions"}],"predecessor-version":[{"id":14814,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/14813\/revisions\/14814"}],"wp:attachment":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/media?parent=14813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/categories?post=14813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/tags?post=14813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}