Administrative Fine Imposed on the Responsible Person of Nan Tsan Co., Ltd.
2018-07-05
1.Date the punishment was imposed: July 5, 2018
2.Recipient of the punishment: Responsible person Lee OO of Nan Tsan Co., Ltd.
3.Legal basis of the punishment: Article 36-1; subparagraph 7, paragraph 1, Article 178 and paragraph 1, Article 179 of the Securities and Exchange Act.; subparagraph 1, paragraph 1, Article 30 and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
4.Facts of the violation and reasons: In the board meeting of Nan Tsan Co., Ltd. dated December 22, 2017, it was resolved that a capital increase would be arranged for the grandson business of the Company through its subsidiary. The amount of capital increase, in the meantime, has reached 20% of the paid-in capital of the Company. Nan Tsan Co., Ltd., however, did not announce relevant information on behalf of its subsidiary until March 6, 2018. This constitutes a violation to subparagraph 1, paragraph 1, Article 30 and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
5.The disciplinary action: Pursuant to subparagraph 7, paragraph 1, Article 178 and paragraph 1, Article 179 of the Securities and Exchange Act, an administrative fine of NTD240,000 is imposed on the responsible person of the Company.
Contacting Unit: Chen Xiang-yin, Section Head of the Corporate Finance Division, Securities and Futures Bureau
Telephone: 2774-7120
Should you have any queries, please contact us through the following mail address:
2.Recipient of the punishment: Responsible person Lee OO of Nan Tsan Co., Ltd.
3.Legal basis of the punishment: Article 36-1; subparagraph 7, paragraph 1, Article 178 and paragraph 1, Article 179 of the Securities and Exchange Act.; subparagraph 1, paragraph 1, Article 30 and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
4.Facts of the violation and reasons: In the board meeting of Nan Tsan Co., Ltd. dated December 22, 2017, it was resolved that a capital increase would be arranged for the grandson business of the Company through its subsidiary. The amount of capital increase, in the meantime, has reached 20% of the paid-in capital of the Company. Nan Tsan Co., Ltd., however, did not announce relevant information on behalf of its subsidiary until March 6, 2018. This constitutes a violation to subparagraph 1, paragraph 1, Article 30 and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
5.The disciplinary action: Pursuant to subparagraph 7, paragraph 1, Article 178 and paragraph 1, Article 179 of the Securities and Exchange Act, an administrative fine of NTD240,000 is imposed on the responsible person of the Company.
Contacting Unit: Chen Xiang-yin, Section Head of the Corporate Finance Division, Securities and Futures Bureau
Telephone: 2774-7120
Should you have any queries, please contact us through the following mail address:
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Update：
2018-07-16