Date of announcement 2015/10/26
Time of announcement 18:41:55
Date of events 2015/10/26
Date of events 2015/10/26
To which item it meets paragraph 20
Statement
Statement
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):The common shares of GM III.
2.Date of occurrence of the event:2015/10/26
3.Volume, unit price, and total monetary amount of the transaction:
(1) Volume: 35,053,281shares.
(2) Unit price: USD0.7132.
(3) Total monetary amount of the transaction:USD25 million.
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):
GM III is one of 100% owned subsidiaries of CDIB.
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:
(1)Reason for choosing the related party as trading
counterparty: In order to comply with financial plans
of CDIB and enhance the efficiency of capital use,
GM III acquired shares from CDIB and then cancelled it.
(2) The identity of the previous owner (including its
relationship with the company and the trading counterpart),
price of transfer, and 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.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): Not applicable.
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): USD 0
9.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract, and
other important stipulations:Follow the payment schedule
of the agreement.
10.The manner in which the current transaction was decided, the
reference basis for the decision on price, and the decision-making
department:
(1) The manner in which the current transaction
was decided, the reference basis for the decision
on price: By applying adjusted NAV method and the
valuation date is 2015/6/30.
(2)The decision-making department: The board of
directors.
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) Current cumulative volume: 76,452,000 shares.
(2) Amount: USD54,635,000.
(3) Shareholding percentage of holdings of the security
being traded (including the current trade):100%.
(4) Status of any restriction of rights: None.
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)Current ratio to the total assets:83.12 %.
(2)Current ratio to the shareholder's equity: 85.53%.
(3)Operating capital: Not applicable.
13.Broker and broker's fee: Not applicable.
14.Concrete purpose or use of the acquisition or disposal:
Capital return to CDIB.
15.Net worth per share of the underlying securities acquired
or disposed of:USD0.7206
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:None.
the terms and conditions of issuance shall also be indicated,
e.g.dividend yield):The common shares of GM III.
2.Date of occurrence of the event:2015/10/26
3.Volume, unit price, and total monetary amount of the transaction:
(1) Volume: 35,053,281shares.
(2) Unit price: USD0.7132.
(3) Total monetary amount of the transaction:USD25 million.
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):
GM III is one of 100% owned subsidiaries of CDIB.
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:
(1)Reason for choosing the related party as trading
counterparty: In order to comply with financial plans
of CDIB and enhance the efficiency of capital use,
GM III acquired shares from CDIB and then cancelled it.
(2) The identity of the previous owner (including its
relationship with the company and the trading counterpart),
price of transfer, and 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.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): Not applicable.
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): USD 0
9.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract, and
other important stipulations:Follow the payment schedule
of the agreement.
10.The manner in which the current transaction was decided, the
reference basis for the decision on price, and the decision-making
department:
(1) The manner in which the current transaction
was decided, the reference basis for the decision
on price: By applying adjusted NAV method and the
valuation date is 2015/6/30.
(2)The decision-making department: The board of
directors.
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) Current cumulative volume: 76,452,000 shares.
(2) Amount: USD54,635,000.
(3) Shareholding percentage of holdings of the security
being traded (including the current trade):100%.
(4) Status of any restriction of rights: None.
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)Current ratio to the total assets:83.12 %.
(2)Current ratio to the shareholder's equity: 85.53%.
(3)Operating capital: Not applicable.
13.Broker and broker's fee: Not applicable.
14.Concrete purpose or use of the acquisition or disposal:
Capital return to CDIB.
15.Net worth per share of the underlying securities acquired
or disposed of:USD0.7206
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:None.