Chungding Disposes of Equity Stake in Kai-Fa International Investment Co., Ltd.

Key facts

  • Chungding Disposes of Equity Stake in Kai-Fa International Investment Co., Ltd.
  • Chungding has disposed of its entire equity stake in Kai-Fa International Investment Co., Ltd., selling 27 million ordinary shares to VIDEOLAND Television Network Co., Ltd. for a total of NT$531.9 million on June 15, 2026, as part of its strategic asset realignment.
  • Source: PR Times
  • Date: June 15, 2026

Direct answer

Chungding has disposed of its entire equity stake in Kai-Fa International Investment Co., Ltd., selling 27 million ordinary shares to VIDEOLAND Television Network Co., Ltd. for a total of NT$531.9 million on June 15, 2026, as part of its strategic asset realignment.

Citation
Chungding Disposes of Equity Stake in Kai-Fa International Investment Co., Ltd. (June 15, 2026), PR Times
Source
PR Times
Date
June 15, 2026
Chungding has disposed of its entire equity stake in Kai-Fa International Investment Co., Ltd., selling 27 million ordinary shares to VIDEOLAND Television Network Co., Ltd. for a total of NT$531.9 million on June 15, 2026, as part of its strategic asset realignment.

📋 Article Processing Timeline

  • 📰 Published: June 15, 2026 at 09:00
  • 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
  • 🤖 AI Analyzed: June 16, 2026 at 18:30 (1h 29m after Collected)
1. Name and nature of the subject matter (if preferred shares, specify issuance terms such as dividend rate):
Name of subject matter: Kai-Fa International Investment Co., Ltd.
Nature of subject matter: Ordinary shares

2. Date on which the fact occurred: 2026/6/15 ~ 2026/6/15

3. Date approved by the board of directors: Not applicable

4. Other approval dates:
Approval level: Approved by the Chairman under authority delegated by the board of directors.
June 15, 2026

5. Transaction quantity, unit price, and total transaction amount:
Number of units transacted: 27,000,000 shares
Unit price: NT$19.70
Total transaction amount: NT$531,900,000

6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, name disclosure may be omitted):
Counterparty: VIDEOLAND Television Network Co., Ltd.
Relationship with the company: None

7. If the counterparty is a related party, disclose the reason for selecting the related party as the transaction counterparty, the previous transferor, the relationship among the previous transferor, the company, and the counterparty, the previous transfer date, and the transfer amount:
Not applicable

8. If the ownership of the subject matter had been held by a related party of the company within the past five years, disclose the related party’s acquisition and disposal dates, prices, and relationship with the company at the time of transaction:
Not applicable

9. Matters related to the disposal of receivables (including types of collateral attached to the disposed receivables; if the disposed receivables are those owed by related parties, disclose the names of the related parties and the book value of the receivables disposed):
Not applicable

10. Gain (or loss) from disposal (not applicable for acquisition of securities) (if previously deferred, explain recognition in table form):
A revaluation gain of NT$281,900 thousand was recognized from the disposal of financial assets measured at fair value through other comprehensive income. After disposal, this realized gain will be directly reclassified from other equity components under shareholders’ equity to retained earnings, with no impact on current-period profit or loss.

11. Delivery or payment terms (including payment periods and amounts), contractual restrictions, and other important agreements:
Delivery or payment terms (including payment periods and amounts): The total transaction amount is NT$531,900,000, to be paid according to the payment terms stipulated in the share purchase agreement.
Contractual restrictions and other important agreements: None

12. Method of determining the transaction, basis for price determination, and decision-making unit:
Method of determining the transaction: Mutually agreed upon by both parties.
Basis for price determination: Based on valuation reports issued by independent professional appraisers, with price negotiation conducted with the buyer.
Decision-making unit: Approved by the Chairman under authority delegated by the board of directors.

13. Net asset value per share of the securities-issuing company acquired or disposed:
NT$21.88

14. Cumulative number, amount, ownership percentage, and rights restrictions (e.g., pledge status) of the securities (including this transaction) held to date:
Remaining number of shares held: 0
Remaining amount held: NT$0
Ownership percentage: 0%
Rights restriction status: None

15. Proportion of securities investments (including this transaction) listed under Article 3 of the 'Regulations Governing the Acquisition or Disposition of Assets by Publicly Issued Companies' to total assets and equity attributable to owners of the parent in the company’s latest financial statements, and the amount of working capital in the latest financial statements (Note 2):
Proportion to total assets in the latest financial statements: 38.10%
Proportion to equity attributable to owners of the parent in the latest financial statements: 163.54%
Amount of working capital in the latest financial statements: NT$7,052,295,000

16. Broker and brokerage fees:
None

17. Specific purpose or use of the acquisition or disposal of securities:
Strategic asset allocation and core business focus for the group

18. Opinions of dissenting directors regarding this transaction:
None

19. Whether this transaction is a related-party transaction: No

20. Date of auditor’s approval or audit committee’s consent:
Not applicable, as this is not a related-party transaction

21. Whether the accountant issued a non-reasonableness opinion for this transaction: No

22. Name of the accounting firm:
Yen Hsin United Certified Public Accountants

23. Name of the accountant:
Wu Hong-Yi

24. Accountant’s license number:
PLA CPA No. 1070015

25. Whether this involves a change in business model: No

26. Explanation of business model change:
Not applicable

27. Transaction status with the counterparty in the past year and expected in the next year:
Not applicable

28. Source of funds:
Not applicable

29. Previous date of material information disclosure for the same event: Not applicable

30. Other explanatory matters:
The company’s board of directors on May 12, 2026, resolved to approve the sale of equity in Kai-Fa International Investment Co., Ltd., and authorized the Chairman to fully handle all matters related to the equity transaction within the scope of board authority.

FAQ

Why did Chungding sell its shares in Kai-Fa International?

To optimize asset allocation and focus on core business operations.

What was the total transaction value?

NT$531.9 million at NT$19.70 per share.

How many shares does Chungding now hold?

Zero shares; full divestment has been completed.

Does this affect current earnings?

No impact on current profit; gain moves from equity to retained earnings.

Who was the buyer?

VIDEOLAND Television Network Co., Ltd., unrelated to Chungding.