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Announcement on behalf of subsidiary StarVR

7th Aug 2018 09:16

RNS Number : 0438X
Acer Incorporated
07 August 2018
 

Subject: On behalf of subsidiary StarVR announce the Securities and Futures Bureau ("SFB") has approved the revocation of 2018 issuance of new common shares for cash capital increase

Date of events:2018/08/07

Contents:

1.Date of occurrence of the event:2018/08/07

2.Company name: StarVR Corporation

3.Relationship to the Company (please enter "head office" or subsidiaries"): subsidiaries

4.Reciprocal shareholding ratios:63.25%

5.Cause of occurrence:

(1)Acer's subsidiary, StarVR Corporation(6681,"StarVR")'s 2018 new common share issuance for cash capital increase is effective on July 4, 2018 per Order No. Financial-Supervisory-Securities-Corporate-1070324130 of the Securities and Futures Bureau("SFB"), the Financial Supervisory Commission.

(2)Comprehensively considering StarVR's operation and working capital, and subjective and objective changes in the market and economic environment after the effective date of above-mentioned cash capital increase, in order to protect shareholders and StarVR's interests, today, StarVR applied to the SFB for revocation of 2018 issuance of new common shares for cash capital increase.

(3) The SFB has approved the revocation application on August 2, 2018 by Order No. Financial-Supervisory-Securities-Corporate-1070327969.

6.Countermeasures: None

7.Any other matters that need to be specified: StarVR has received SFB's approval letter on August 7, 2018.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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