Baihe Announces Board Resolution for Subsidiary Baihe Industrial Co., Ltd. to Increase Capital in Vietnam Baihong Responsibility Co., Ltd.
Baihe's board of directors resolved that its subsidiary, Baihe Industrial, will increase capital in Vietnam Baihong Responsibility Co., Ltd. by USD 120 million. This aims to support long-term growth and investment in its Vietnamese operations.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 08:03 (3 min after Collected)
1. Name and nature of the target (if preferred shares, the agreed issuance conditions such as dividend rate should also be specified): Shares of Vietnam Baihong Responsibility Co., Ltd. (referred to as: Vietnam Baihong Company)
2. Date of occurrence of the event: 2026/5/7~2026/5/7
3. Date of board approval: May 7, 2026
4. Other approval dates: Not applicable
5. Transaction quantity, unit price, and total transaction amount:
Transaction unit quantity, unit price: Not applicable
Total transaction amount: USD 120,000 thousand
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Not applicable
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and transfer amount should also be announced:
Not applicable
8. If the owner of the transaction target has been a related party of the company within the last five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be announced:
Not applicable
9. Relevant matters concerning the disposal of claims (including the type of collateral attached to the disposed claims, and if the disposed claims belong to related parties, the name of the related party and the book value of the disposed claims of such related party should also be announced):
Not applicable
10. Disposal gains (or losses) (not applicable to acquisition of securities) (if deferred, explanation of recognition should be listed):
Not applicable
11. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements:
Transaction or payment terms: To be handled according to the funding schedule of Vietnam Baihong Company.
Contractual restrictions: None
Important agreements: None
12. Method of determining this transaction, basis for price determination, and decision-making unit:
Method of determining the transaction, basis for price determination: Cash capital increase
Decision-making unit: Board of directors
13. Net asset value per share of the acquired or disposed securities target company:
Not applicable
14. As of now, the cumulative quantity, amount, shareholding ratio, and restrictions on rights (such as pledge status) of this transaction's securities (including this transaction):
Baihe Industrial Company's direct shareholding in Vietnam Baihong Company:
(1) Quantity: 150,000 thousand shares
(2) Amount: USD 150,000 thousand
(3) Shareholding ratio: 44.51%
(4) Restrictions on rights: None
Baihe Industrial Company indirectly holds 100% of Hong Kong Baiqi International Trading Co., Ltd. (hereinafter referred to as: Hong Kong Baiqi Company).
Hong Kong Baiqi Company's direct shareholding in Vietnam Baihong Company:
(1) Quantity: 187,000 thousand shares
(2) Amount: USD 187,000 thousand
(3) Shareholding ratio: 55.49%
(4) Restrictions on rights: None
15. As of now, the investment in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies" as a percentage of the company's total assets and equity attributable to owners of the parent in the latest financial report, and the working capital amount in the latest financial report (Note 2):
Baihe Industrial Company's direct shareholding in Vietnam Baihong Company:
(1) Percentage of total assets: 27.90%
(2) Percentage of equity attributable to Taiwan Baihe Company: 35.34%
(3) Working capital amount: NT$214,958 thousand
Hong Kong Baiqi Company's direct shareholding in Vietnam Baihong Company:
(1) Percentage of total assets: 34.78%
(2) Percentage of equity attributable to Taiwan Baihe Company: 44.05%
(3) Working capital amount: NT$214,958 thousand
16. Broker and brokerage fees:
None
17. Specific purpose or use of acquisition or disposal:
Long-term investment
18. Opinions of dissenting directors on this transaction:
None
19. This transaction is a related party transaction: Yes
20. Date of supervisor approval or audit committee consent:
May 7, 2026
21. Accountant issued unreasonable opinion on this transaction: Not applicable
22. Accountant firm name:
Not applicable
23. Accountant name:
Not applicable
24. Accountant certificate number:
Not applicable
25. Does it involve changes in operating model: No
26. Explanation of changes in operating model:
Not applicable
27. Transaction status with counterparty in the past year and estimated next year:
Not applicable
28. Source of funds:
Not applicable
29. Date of previous material information announcement for the same event: Not applicable
30. Other specified matters:
None
2. Date of occurrence of the event: 2026/5/7~2026/5/7
3. Date of board approval: May 7, 2026
4. Other approval dates: Not applicable
5. Transaction quantity, unit price, and total transaction amount:
Transaction unit quantity, unit price: Not applicable
Total transaction amount: USD 120,000 thousand
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Not applicable
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and transfer amount should also be announced:
Not applicable
8. If the owner of the transaction target has been a related party of the company within the last five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be announced:
Not applicable
9. Relevant matters concerning the disposal of claims (including the type of collateral attached to the disposed claims, and if the disposed claims belong to related parties, the name of the related party and the book value of the disposed claims of such related party should also be announced):
Not applicable
10. Disposal gains (or losses) (not applicable to acquisition of securities) (if deferred, explanation of recognition should be listed):
Not applicable
11. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements:
Transaction or payment terms: To be handled according to the funding schedule of Vietnam Baihong Company.
Contractual restrictions: None
Important agreements: None
12. Method of determining this transaction, basis for price determination, and decision-making unit:
Method of determining the transaction, basis for price determination: Cash capital increase
Decision-making unit: Board of directors
13. Net asset value per share of the acquired or disposed securities target company:
Not applicable
14. As of now, the cumulative quantity, amount, shareholding ratio, and restrictions on rights (such as pledge status) of this transaction's securities (including this transaction):
Baihe Industrial Company's direct shareholding in Vietnam Baihong Company:
(1) Quantity: 150,000 thousand shares
(2) Amount: USD 150,000 thousand
(3) Shareholding ratio: 44.51%
(4) Restrictions on rights: None
Baihe Industrial Company indirectly holds 100% of Hong Kong Baiqi International Trading Co., Ltd. (hereinafter referred to as: Hong Kong Baiqi Company).
Hong Kong Baiqi Company's direct shareholding in Vietnam Baihong Company:
(1) Quantity: 187,000 thousand shares
(2) Amount: USD 187,000 thousand
(3) Shareholding ratio: 55.49%
(4) Restrictions on rights: None
15. As of now, the investment in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies" as a percentage of the company's total assets and equity attributable to owners of the parent in the latest financial report, and the working capital amount in the latest financial report (Note 2):
Baihe Industrial Company's direct shareholding in Vietnam Baihong Company:
(1) Percentage of total assets: 27.90%
(2) Percentage of equity attributable to Taiwan Baihe Company: 35.34%
(3) Working capital amount: NT$214,958 thousand
Hong Kong Baiqi Company's direct shareholding in Vietnam Baihong Company:
(1) Percentage of total assets: 34.78%
(2) Percentage of equity attributable to Taiwan Baihe Company: 44.05%
(3) Working capital amount: NT$214,958 thousand
16. Broker and brokerage fees:
None
17. Specific purpose or use of acquisition or disposal:
Long-term investment
18. Opinions of dissenting directors on this transaction:
None
19. This transaction is a related party transaction: Yes
20. Date of supervisor approval or audit committee consent:
May 7, 2026
21. Accountant issued unreasonable opinion on this transaction: Not applicable
22. Accountant firm name:
Not applicable
23. Accountant name:
Not applicable
24. Accountant certificate number:
Not applicable
25. Does it involve changes in operating model: No
26. Explanation of changes in operating model:
Not applicable
27. Transaction status with counterparty in the past year and estimated next year:
Not applicable
28. Source of funds:
Not applicable
29. Date of previous material information announcement for the same event: Not applicable
30. Other specified matters:
None