6 stories mentioning TPE:4763Updated just now
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Jinan Acetate Chemical (TPE:4763) board approved issuing 109.3 million new shares, worth around NT$4.9 billion, for a share exchange, according to a Monday filing with the Taiwanese bourse.Shares of the company fell over 3% in Tuesday's trade.The new shares have a par value of NT$1 each.The company did not disclose an issue price or details on the shares to be exchanged in the filing.
Jinan Acetate Chemical (TPE:4763) will acquire a 42% stake in the parent company of Cerdia, a Switzerland-based producer of acetate filter tow and acetate flakes, according to a Monday filing with the Taiwan Exchange.The chemical manufacturer will pay around $214 million in cash and issue 109.3 million common shares to acquire 84 common shares of BCP VII Jade HoldCo (Cayman).Jinan Acetate said the acquisition will allow it to leverage Cerdia's international sales network and roster of global brand customers to accelerate its push into high-end markets.
Jinan Acetate Chemical (TPE:4763) has approved a share purchase and share exchange agreement to acquire 100% of Cerdia Holding from funds managed by Blackstone for about $400 million, according to a Monday filing with the Taiwan Stock Exchange.The chemical manufacturer intends to issue common shares, representing approximately 9.95% of its total equity, and cash consideration of roughly $200 million for the acquisition.The acquisition will help the company extend its footprint across Asia, Europe, North America and South America.
Jinan Acetate Chemical's (TPE:4763) unit, Acetek Guardian (Shandong), extended loans of NT$609.7 million to two affiliates, according to a Friday filing with the Taiwan Exchange.The cellulose acetate maker extended a loan of NT$234.5 million to Jinan Acetate Chemical and NT$375.2 million to Acetek Aspiration (Shandong).The loans carry an annual interest rate of 1.7% with one-time repayment and interest due three years from drawdown.Shares of the chemical manufacturer fell nearly 1% in recent trade.
Jinan Acetate Chemical's (TPE:4763) major subsidiary, Jinan Acetate Chemical Co., Ltd. (China), approved a cash dividend of 2.14 billion yuan.The company did not disclose any additional details.
Jinan Acetate Chemical (TPE:4763) extended a NT$5.48 billion loan to its parent company, My Parents Living Technology, according to a Monday Taiwan Exchange filing.The three-year loan carries an annual interest rate of 1.53%. My Parents Living Technology will use the funds for daily operational needs.The company said the loan balance to the parent reached 10% or more of its latest net worth, triggering the disclosure requirement.
