Key Developments: Formosa Plastics Corp (1301.TW)

1301.TW on Taiwan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Formosa Plastics announces FY 2014 dividend payment
Tuesday, 24 Mar 2015 02:04am EDT 

Formosa Plastics Corp:To use undistributed profits to pay cash dividend of T$1.70 per share to shareholders for fiscal year 2014.To pay cash dividend of T$10,821,759,328 in total.  Full Article

Formosa Plastics to issue domestic unsecured corporate bonds for 2015
Tuesday, 24 Mar 2015 02:02am EDT 

Formosa Plastics Corp:To issue domestic unsecured corporate bonds for 2015, worth up to T$5 billion.Par value and issue price of T$1 million for the bonds.Proceeds to be used to repay loan and enrich operating funds.Underwriter not decided.  Full Article

Formosa Plastics Corp announces investment structure change in joint venture Formosa Ha Tinh Steel Corporation
Tuesday, 16 Sep 2014 04:03am EDT 

Formosa Plastics Corp:To transfer 14.75 pct stake in joint venture Formosa Ha Tinh Steel Corporation to Formosa Ha Tinh (Cayman) Limited in order to acquire 508,236,725 shares (14.75 pct stake) of Formosa Ha Tinh (Cayman) Limited.To hold 508,236,725 shares (14.75 pct stake) of Formosa Ha Tinh (Cayman) Limited after transfer.  Full Article

Formosa Plastics Corp announces 2013 dividend date
Friday, 13 Jun 2014 05:57am EDT 

Formosa Plastics Corp:To pay cash dividend of T$1.90 per share for 2013.Ex-dividend date July 3 and record date July 11.Payment date July 30.  Full Article

Formosa Plastics to issue 2014 first tranche corporate bonds
Tuesday, 29 Apr 2014 02:04am EDT 

Formosa Plastics Corp:To issue 2014 first tranche of domestic unsecured corporate bonds worth T$6 bln, comprised of 10-year bonds of T$1 bln and 12-year bonds of T$5 bln.Issue price and face value of T$1 mln, coupon rate for 10-year bond 1.83 pct and coupon rate for 12-year bond 1.92 pct.Proceeds to be used for loan repayment and business operation.  Full Article

Formosa Plastics Corp pays $22.5 mln to settle liability in whistleblower case that former subsidiary JM Eagle lost at trial
Friday, 4 Apr 2014 05:36pm EDT 

Formosa Plastics Corp:Will pay $22.5 mln to settle liability in whistleblower lawsuit involving PVC pipe manufactured by former subsidiary, JM Eagle, under terms of settlement agreement approved by federal judge.  Full Article

Formosa Plastics Corp announces FY 2013 dividend payment
Monday, 24 Mar 2014 04:12am EDT 

Formosa Plastics Corp:To use undistributed profits to pay cash dividend of T$1.90000000 per share to shareholders for fiscal year 2013.To pay cash dividend of T$12,094,907,484 in total for fiscal year 2013.  Full Article

Formosa Plastics announces production halt of Kaohsiung plant
Monday, 24 Mar 2014 04:09am EDT 

Formosa Plastics Corp:Says Kaohsiung plant with annual capacity of 40,000 tonnes of emulsifier powder will halt production from April, upon maturity of land leasing contract.  Full Article

Formosa Plastics to issue FY 2014 corporate bonds
Monday, 24 Mar 2014 04:08am EDT 

Formosa Plastics Corp:To issue domestic unsecured corporate bonds for fiscal year 2014 worth up to T$6 bln.The bonds are each with issue price and face value of T$100, and coupon rate to be determined.Proceeds to be used for loan repayment and working capital supplement.  Full Article

Formosa Plastics announces joint development of real estate project
Monday, 24 Mar 2014 12:11am EDT 

Formosa Plastics Corp:To develop a delicate residential real estate project together with Asahi Kasei Homes Corporation, with construction period of about 105 days.  Full Article

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