Formosa Oils Announces Adjournment of 115th Annual General Meeting
Key facts
- Formosa Oils Announces Adjournment of 115th Annual General Meeting
- Formosa Oils Co., Ltd. announces that its 115th Annual General Meeting was adjourned due to insufficient shareholder attendance, failing to meet the法定 quorum under the Company Act. The company will reconvene the meeting at a later date.
- Source: PR Times
- Date: June 26, 2026
Direct answer
Formosa Oils Co., Ltd. announces that its 115th Annual General Meeting was adjourned due to insufficient shareholder attendance, failing to meet the法定 quorum under the Company Act. The company will reconvene the meeting at a later date.
- Citation
- Formosa Oils Announces Adjournment of 115th Annual General Meeting (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
Formosa Oils Co., Ltd. announces that its 115th Annual General Meeting was adjourned due to insufficient shareholder attendance, failing to meet the法定 quorum under the Company Act. The company will reconvene the meeting at a later date.
📋 Article Processing Timeline
- 📰 Published: June 26, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 17:40 (39 min after Collected)
1. Date of Event: June 26, 115
2. Company Name: Formosa Oils Co., Ltd.
3. Relationship with Company:本公司 (Parent Company)
4. Cross-shareholding Ratio: Not applicable
5. Reason for Occurrence:
According to Article 174 of the Company Act, a shareholders' meeting requires the attendance of shareholders holding more than half of the issued shares. The total number of shares represented at the 115th Annual General Meeting was 81,325,566, representing an attendance rate of 33.56%. This did not reach one-half of the company's total issued shares (121,134,153 shares). As a result, the chairperson declared the 115th Annual General Meeting adjourned.
6. Countermeasures: Public announcement in accordance with legal requirements.
7. Other Matters to be Disclosed:
This matter qualifies as a significant event under Article 7, Paragraph 9, Item 9 of the Enforcement Rules of the Securities and Exchange Act, as it pertains to a publicly listed company and has material implications for shareholder rights or securities pricing. The company will schedule and convene another shareholders' meeting at a later date.
2. Company Name: Formosa Oils Co., Ltd.
3. Relationship with Company:本公司 (Parent Company)
4. Cross-shareholding Ratio: Not applicable
5. Reason for Occurrence:
According to Article 174 of the Company Act, a shareholders' meeting requires the attendance of shareholders holding more than half of the issued shares. The total number of shares represented at the 115th Annual General Meeting was 81,325,566, representing an attendance rate of 33.56%. This did not reach one-half of the company's total issued shares (121,134,153 shares). As a result, the chairperson declared the 115th Annual General Meeting adjourned.
6. Countermeasures: Public announcement in accordance with legal requirements.
7. Other Matters to be Disclosed:
This matter qualifies as a significant event under Article 7, Paragraph 9, Item 9 of the Enforcement Rules of the Securities and Exchange Act, as it pertains to a publicly listed company and has material implications for shareholder rights or securities pricing. The company will schedule and convene another shareholders' meeting at a later date.
FAQ
Why did Formosa Oils' shareholders meeting adjourn?
It failed to meet the legal quorum of over 50% of issued shares being represented.
What should shareholders do after the adjournment?
Await official notice of the reconvened meeting date from the company.
What does Formosa Oils do?
It is a major edible oil manufacturer in Taiwan, producing cooking and industrial oils.