QCI Addresses News Report by United Evening News
OREANDA-NEWS. August 01, 2012.
1. Name of the reporting media: United Evening News
2. Content of the report: Quanta's Share Price Dropped Below NTD70 In Response
To The News of Chairman Selling Quanta Stake....
Foreign source indicates Chairman will sell 1.67% of Quanta outstanding common shares or approximately USD150M...
3. Summary of the information provided by investors: None
4. Company's explanation of the reportage or provided information:
This case has received prior approval from FSC regarding Chairman's intend to dispose Quanta shares no greater than 65,000,000 shares through GDR re-issuance.
The transaction will be conducted through GDS block trade in foreign market, which should have limited impact on domestic stock market.
More importantly, Chairman's disposal of Quanta shares should be deemed as personal decision on assets allocations.
Chairman's decision to dispose Quanta stake does not reflect company's view on the market or industry. The Company remains confidence on its long term growth and strategy.
5. Countermeasures: None
6. Any other matters that need to be specified: None
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