Punishment of Administrative Fine imposed on the Responsible Person of AURORA Corporation (Public Company, Stock Code 2373)
2017-08-18
1. Date the punishment was imposed: August 18, 2017
2. Recipient of the punishment: Lin, ○○, responsible person of the conduct by AURORA Corporation.
3. Legal basis of the punishment: Paragraph 8, Article 26-3, Article 36-1 of the Securities and Exchange Act, paragraph 2, Article 3 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies, subparagraph 4, paragraph 1, and paragraph 2, Article 30, and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies in effective at the moment of conduct.
4. Facts of the violation and reasons: AURORA Corporation (hereinafter referred to “Aurora Corp.”) called the board meeting on the date of notice, June 8, 2016; however, none of the reasons of the meeting were urgent causes. The Company’s failure to notify each of its directors and supervisors 7 days in advance thereby had constituted violations against paragraph 8, Article 26-3 of the Securities and Exchange Act and paragraph 2, Article 3 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies. Furthermore, AURORA Corp.’s subsidiaries, AURORA (China) Co., Ltd and AURORA Office Equipment Co., Ltd. Shanghai, had obtained the target assets of the same characteristics from the same bank on, respectively, June 17 to December 22, 2016 and July 11 to November 14, 2016, and the cumulative transaction amount exceeded NT$300 million. The Company’s failure to make the announcement on behalf of the foregoing to its subsidiaries within 2 days from the occurrence of such event had constituted violations against Article 36-1 of the Securities and Exchange Act, and subparagraph 4, paragraph 1, Article 30, and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies in effect at the moment of conduct.
5. The disciplinary action: Responsible person of both conducts by the Company is charged with two respective punishments of administrative fines of NTD240,000 each, for a total of NTD480,000, pursuant to subparagraph 7, paragraph 1, Article 178 and paragraph 1, Article 179 of the Securities and Exchange Act.
Contact Office: Chang, Yi-hsin, Section Chief, Securities and Futures Bureau Corporate Finance Division
Contact Numbers: 2774-7409
Please send your inquiry to: http://fscmail.fsc.gov.tw/FSC-SPS/SPSB/SPSB01002.aspx
2. Recipient of the punishment: Lin, ○○, responsible person of the conduct by AURORA Corporation.
3. Legal basis of the punishment: Paragraph 8, Article 26-3, Article 36-1 of the Securities and Exchange Act, paragraph 2, Article 3 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies, subparagraph 4, paragraph 1, and paragraph 2, Article 30, and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies in effective at the moment of conduct.
4. Facts of the violation and reasons: AURORA Corporation (hereinafter referred to “Aurora Corp.”) called the board meeting on the date of notice, June 8, 2016; however, none of the reasons of the meeting were urgent causes. The Company’s failure to notify each of its directors and supervisors 7 days in advance thereby had constituted violations against paragraph 8, Article 26-3 of the Securities and Exchange Act and paragraph 2, Article 3 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies. Furthermore, AURORA Corp.’s subsidiaries, AURORA (China) Co., Ltd and AURORA Office Equipment Co., Ltd. Shanghai, had obtained the target assets of the same characteristics from the same bank on, respectively, June 17 to December 22, 2016 and July 11 to November 14, 2016, and the cumulative transaction amount exceeded NT$300 million. The Company’s failure to make the announcement on behalf of the foregoing to its subsidiaries within 2 days from the occurrence of such event had constituted violations against Article 36-1 of the Securities and Exchange Act, and subparagraph 4, paragraph 1, Article 30, and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies in effect at the moment of conduct.
5. The disciplinary action: Responsible person of both conducts by the Company is charged with two respective punishments of administrative fines of NTD240,000 each, for a total of NTD480,000, pursuant to subparagraph 7, paragraph 1, Article 178 and paragraph 1, Article 179 of the Securities and Exchange Act.
Contact Office: Chang, Yi-hsin, Section Chief, Securities and Futures Bureau Corporate Finance Division
Contact Numbers: 2774-7409
Please send your inquiry to: http://fscmail.fsc.gov.tw/FSC-SPS/SPSB/SPSB01002.aspx
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13848
Update：
2017-08-23