Morson Energy Announces Resolution to Dispose of Ordinary Shares in Fu Wei Power Co., Ltd.
Key facts
- Morson Energy Announces Resolution to Dispose of Ordinary Shares in Fu Wei Power Co., Ltd.
- Morson Energy has resolved to dispose of 13,500,000 ordinary shares in its subsidiary, Fu Wei Power Co., Ltd. The purpose of this disposal is for the utilization of operating funds, with an estimated total transaction amount of NT$761,400,000. Following this disposal, Morson Energy's shareholding in Fu Wei Power will be 20.69%.
- Source: PR Times
- Date: June 8, 2026
Direct answer
Morson Energy has resolved to dispose of 13,500,000 ordinary shares in its subsidiary, Fu Wei Power Co., Ltd. The purpose of this disposal is for the utilization of operating funds, with an estimated total transaction amount of NT$761,400,000. Following this disposal, Morson Energy's shareholding in Fu Wei Power will be 20.69%.
- Citation
- Morson Energy Announces Resolution to Dispose of Ordinary Shares in Fu Wei Power Co., Ltd. (June 8, 2026), PR Times
- Source
- PR Times
- Date
- June 8, 2026
Morson Energy has resolved to dispose of 13,500,000 ordinary shares in its subsidiary, Fu Wei Power Co., Ltd. The purpose of this disposal is for the utilization of operating funds, with an estimated total transaction amount of NT$761,400,000. Following this disposal, Morson Energy's shareholding in Fu Wei Power will be 20.69%.
📋 Article Processing Timeline
- 📰 Published: June 8, 2026 at 09:00
- 🔍 Collected: June 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (81h 53m after Collected)
1. Securities Name:
Fu Wei Power Co., Ltd. Ordinary Shares
2. Transaction Date:
June 8, 2026 ~ June 8, 2026
3. Board of Directors Approval Date:
June 8, 2026
4. Other Approval Dates:
Not applicable
5. Transaction Quantity, Unit Price, and Total Transaction Amount:
Transaction Quantity: 13,500,000 shares
Unit Price:
Not yet actually sold, estimated based on the closing price on June 5th (90% of NT$62.7 per share, calculated at NT$56.4 per share).
Total Transaction Amount: Estimated NT$761,400,000.
6. Profit (or Loss) from Disposal (Not applicable for acquisition of securities):
Not applicable
7. Relationship with the Company Subject to Transaction:
Our company originally held 38.89% of the company's equity.
8. Cumulative Quantity, Amount, Shareholding Ratio, and Restrictions on Rights (e.g., Pledged Status) of Securities Held (including this transaction) to Date:
Cumulative Quantity of Securities Held (including this transaction): 15,341,000 shares,
Amount: NT$230,115,000 (Book value at cost)
Shareholding Ratio: 20.69%
Restrictions on Rights: 15,341,000 shares are pledged.
9. To Date, the Proportion of Investments in Securities Listed in Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies" (including this transaction) to the Total Assets and the Equity Attributable to Owners of the Parent Company in the Latest Financial Statements, and the Amount of Working Capital in the Latest Financial Statements:
Proportion to Total Assets in the Latest Financial Statements: 72.19%
Proportion to Equity Attributable to Owners of the Parent Company in the Latest Financial Statements: 0%
Amount of Working Capital in the Latest Financial Statements: -NT$2,722,777,000.
10. Specific Purpose of Acquisition or Disposal:
Utilization of operating funds
11. Opinions of Dissenting Directors on This Transaction:
Not applicable
12. Is This Transaction a Related Party Transaction:
No
13. Transaction Counterparty and Relationship with the Company:
Not applicable
14. Supervisor's Approval or Audit Committee's Approval Date:
June 8, 2026
15. Date of Previous Announcement of Material Information on the Same Matter:
Not applicable
16. Other Explanations:
Not yet actually sold; supplementary announcement will be made after the transaction is completed.
Keywords: Material Information
Fu Wei Power Co., Ltd. Ordinary Shares
2. Transaction Date:
June 8, 2026 ~ June 8, 2026
3. Board of Directors Approval Date:
June 8, 2026
4. Other Approval Dates:
Not applicable
5. Transaction Quantity, Unit Price, and Total Transaction Amount:
Transaction Quantity: 13,500,000 shares
Unit Price:
Not yet actually sold, estimated based on the closing price on June 5th (90% of NT$62.7 per share, calculated at NT$56.4 per share).
Total Transaction Amount: Estimated NT$761,400,000.
6. Profit (or Loss) from Disposal (Not applicable for acquisition of securities):
Not applicable
7. Relationship with the Company Subject to Transaction:
Our company originally held 38.89% of the company's equity.
8. Cumulative Quantity, Amount, Shareholding Ratio, and Restrictions on Rights (e.g., Pledged Status) of Securities Held (including this transaction) to Date:
Cumulative Quantity of Securities Held (including this transaction): 15,341,000 shares,
Amount: NT$230,115,000 (Book value at cost)
Shareholding Ratio: 20.69%
Restrictions on Rights: 15,341,000 shares are pledged.
9. To Date, the Proportion of Investments in Securities Listed in Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies" (including this transaction) to the Total Assets and the Equity Attributable to Owners of the Parent Company in the Latest Financial Statements, and the Amount of Working Capital in the Latest Financial Statements:
Proportion to Total Assets in the Latest Financial Statements: 72.19%
Proportion to Equity Attributable to Owners of the Parent Company in the Latest Financial Statements: 0%
Amount of Working Capital in the Latest Financial Statements: -NT$2,722,777,000.
10. Specific Purpose of Acquisition or Disposal:
Utilization of operating funds
11. Opinions of Dissenting Directors on This Transaction:
Not applicable
12. Is This Transaction a Related Party Transaction:
No
13. Transaction Counterparty and Relationship with the Company:
Not applicable
14. Supervisor's Approval or Audit Committee's Approval Date:
June 8, 2026
15. Date of Previous Announcement of Material Information on the Same Matter:
Not applicable
16. Other Explanations:
Not yet actually sold; supplementary announcement will be made after the transaction is completed.
Keywords: Material Information
FAQ
What is the main reason for Morson Energy disposing of Fu Wei Power shares?
The primary reason is the utilization of operating funds, enhancing the company's financial flexibility.
How many shares of Fu Wei Power are being disposed of?
13,500,000 shares will be disposed of, representing a portion of the company's holdings.
What will be Morson Energy's shareholding ratio in Fu Wei Power after this transaction?
The ratio will decrease from the current 38.89% to 20.69%, potentially allowing for quicker management decisions.
What is the estimated total transaction amount?
The estimated total transaction amount is NT$761,400,000, which will be utilized as operating funds.
How will this share disposal affect Morson Energy's future business?
Securing operating funds may facilitate investment and development in other business areas. However, the impact on the subsidiary also needs consideration.