Taiwan Life Insurance Subsidiary to Bid for Hanmin Test Systems IPO Shares via Auction
Original: 代子公司台灣人壽保險(股)公司公告 擬以競價拍賣方式取得漢民測試系統股份有限公司 首次公開發行之股票
Summary
CTBC Financial's (2891) subsidiary, Taiwan Life Insurance Co., Ltd., plans to acquire shares of Hanmin Test Systems Co., Ltd. (漢民測試系統股份有限公司) through the competitive price auction mechanism used in that company's initial public offering. This is a portfolio investment decision by the group's life insurance arm, participating as an institutional bidder in a newly listing technology firm. Full body available on MOPS.
Full Translation
Filed on behalf of subsidiary Taiwan Life Insurance Co., Ltd.: Taiwan Life Insurance Co., Ltd. announces its intention to acquire shares of Hanmin Test Systems Co., Ltd. (漢民測試系統股份有限公司) to be issued in connection with that company's initial public offering (IPO), through the competitive price auction (競價拍賣) mechanism. Under Taiwan's IPO framework, the competitive auction allows qualified institutional investors to submit bids above a set floor price; shares are allocated preferentially to the highest bidders. CTBC Financial Holding (2891) is disclosing this as the listed parent entity on behalf of its non-listed insurance subsidiary, in accordance with TWSE material-information reporting requirements. The number of shares sought, bid parameters, and aggregate consideration are not available from the subject line alone. [Body not available — subject line only. See MOPS for full announcement.]