Fine Imposition on the Person Responsible for the Act of CJW International Co., Ltd.
2022-06-09
I. Date of sanction: June 9, 2022
II. Object of sanction: XX Chang, the person responsible for the act of CJW International Co., Ltd.
III. Legal basis for the sanction: Article 36-1, subparagraph 11, paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act, and Article 32 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies (hereinafter referred to as the Acquisition and Disposal Regulations).
IV. Fact of violation: On September 6, 2017, CJW International Co., Ltd. announced in accordance with Article 30 of the Acquisition and Disposal Regulations at the time of the act that it had obtained a Malaysian shopping center through its board meeting resolution at a transaction amount of MYR54,898 thousand (approximately NTD395,266 thousand). The company then agreed to terminate the original purchase agreement on February 28, 2022, but did not make an announcement and declaration within 2 days from the date of the occurrence of the fact until March 24, 2022; this is verified to have violated Article 32 of the Acquisition and Disposal Regulations.
V. Sanction imposed: A fine of NT$240,000 is imposed on the responsible person of the company in accordance with subparagraph 11, paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act.
Contact unit: Section Chief Chang, Corporate Finance Division, Securities and Futures Bureau
Tel: (02) 2774-7147
For questions, please write to: FSCMAIL
II. Object of sanction: XX Chang, the person responsible for the act of CJW International Co., Ltd.
III. Legal basis for the sanction: Article 36-1, subparagraph 11, paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act, and Article 32 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies (hereinafter referred to as the Acquisition and Disposal Regulations).
IV. Fact of violation: On September 6, 2017, CJW International Co., Ltd. announced in accordance with Article 30 of the Acquisition and Disposal Regulations at the time of the act that it had obtained a Malaysian shopping center through its board meeting resolution at a transaction amount of MYR54,898 thousand (approximately NTD395,266 thousand). The company then agreed to terminate the original purchase agreement on February 28, 2022, but did not make an announcement and declaration within 2 days from the date of the occurrence of the fact until March 24, 2022; this is verified to have violated Article 32 of the Acquisition and Disposal Regulations.
V. Sanction imposed: A fine of NT$240,000 is imposed on the responsible person of the company in accordance with subparagraph 11, paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act.
Contact unit: Section Chief Chang, Corporate Finance Division, Securities and Futures Bureau
Tel: (02) 2774-7147
For questions, please write to: FSCMAIL
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Update：
2022-06-17