[Far Eastern New Century] Announcement of acquisition of ordinary shares of Asia Cement Corporation by subsidiary (Far Eastern Investment)
Key facts
- [Far Eastern New Century] Announcement of acquisition of ordinary shares of Asia Cement Corporation by subsidiary (Far Eastern Investment)
- Far Eastern New Century's subsidiary, Far Eastern Investment, acquired 10.2 million ordinary shares of Asia Cement for approximately 346 million TWD to increase investment.
- Source: PR Times
- Date: June 5, 2026
Direct answer
Far Eastern New Century's subsidiary, Far Eastern Investment, acquired 10.2 million ordinary shares of Asia Cement for approximately 346 million TWD to increase investment.
- Citation
- [Far Eastern New Century] Announcement of acquisition of ordinary shares of Asia Cement Corporation by subsidiary (Far Eastern Investment) (June 5, 2026), PR Times
- Source
- PR Times
- Date
- June 5, 2026
Far Eastern New Century's subsidiary, Far Eastern Investment, acquired 10.2 million ordinary shares of Asia Cement for approximately 346 million TWD to increase investment.
📋 Article Processing Timeline
- 📰 Published: June 5, 2026 at 09:00
- 🔍 Collected: June 6, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 6, 2026 at 12:59 (4h 59m after Collected)
1. Security Name: Asia Cement Corporation Ordinary Shares
2. Transaction Date: May 28, 115 - June 5, 115
3. Date approved by Board of Directors: N/A
4. Other authorization date:
Authorization Level: Chairman
June 5, 115
5. Transaction quantity, unit price, and total amount:
Quantity: 10,200,000 shares
Unit Price: 33.92 TWD
Total Amount: 345,969,881 TWD
6. Disposition profit (loss): N/A
7. Relationship with the target company: Equity-accounted investee
8. Cumulative holdings to date (including this transaction):
Shares held: 66,293,401 shares
Value held: 2,582,447,092 TWD
Shareholding ratio: 1.87%
Restrictions: None
9. Ratios according to regulations:
Ratio to total assets: 3.35%
Ratio to shareholders' equity: 5.29%
Working capital: -2,597,834 thousand TWD
Source of funds: Operating revenue
10. Specific purpose of acquisition: To increase investment
11. Opinions of directors dissenting: None
12. Related party transaction: No
13. Counterparty: N/A
14. Date of audit committee approval: N/A
15. Date of previous announcement: N/A
16. Other notes: None
2. Transaction Date: May 28, 115 - June 5, 115
3. Date approved by Board of Directors: N/A
4. Other authorization date:
Authorization Level: Chairman
June 5, 115
5. Transaction quantity, unit price, and total amount:
Quantity: 10,200,000 shares
Unit Price: 33.92 TWD
Total Amount: 345,969,881 TWD
6. Disposition profit (loss): N/A
7. Relationship with the target company: Equity-accounted investee
8. Cumulative holdings to date (including this transaction):
Shares held: 66,293,401 shares
Value held: 2,582,447,092 TWD
Shareholding ratio: 1.87%
Restrictions: None
9. Ratios according to regulations:
Ratio to total assets: 3.35%
Ratio to shareholders' equity: 5.29%
Working capital: -2,597,834 thousand TWD
Source of funds: Operating revenue
10. Specific purpose of acquisition: To increase investment
11. Opinions of directors dissenting: None
12. Related party transaction: No
13. Counterparty: N/A
14. Date of audit committee approval: N/A
15. Date of previous announcement: N/A
16. Other notes: None
FAQ
What kind of company is Far Eastern Investment?
It is a subsidiary of Far Eastern New Century and is responsible for the group's investment activities.
What is an equity-accounted affiliate?
A corporate structure where an investing company has significant influence over the management, financial policies, and business operations of the investee.
Why was the stake in Asia Cement acquired this time?
The stated purpose in the disclosure is 'to increase investment'.