Enforcement
Fine Imposition on Person Responsible for Actions of Unitel High Technology Corporation
2023-02-03
I. Date of sanction: February 3, 2023
II. Object of sanction: XX Liu, the person responsible for the actions of Unitel High Technology Corporation.
III. Legal basis for the sanction: Subparagraph 2, paragraph 3, Article 36, subparagraph 4, paragraph 1, Article 178, and Article 179 of the Securities and Exchange Act, and paragraph 2, Article 7 of the Securities and Exchange Act Enforcement Rules.
IV. Fact of violation: Unitel High Technology Corporation received the first instance judgment of Taiwan's New Taipei District Court on May 25, 2022 regarding the company’s liability to compensate investors, and investors continued to apply to the court between August and October of the same year for the enforcement of seizing the company's assets. The case is a lawsuit and enforcement event that has significant impact on shareholders' equity or securities prices pursuant to paragraph 8, Article 7 of the Securities and Exchange Act Enforcement Rules; however, Unitel High Technology Corporation did not make a public announcement and filing until October 25, 2022, and this is verified to have violated subparagraph 2, paragraph 3, Article 36 of the Securities and Exchange Act.
V. Sanction imposed: A fine of NT$240,000 is imposed on the responsible person of the company in accordance with subparagraph 4, paragraph 1, Article 178, and Article 179 of the Securities and Exchange Act.
Contact unit: Section Chief Huang, Corporate Finance Division, Securities and Futures Bureau
Tel: (02) 2774-7295
For questions, please write to:FSCMAIL
II. Object of sanction: XX Liu, the person responsible for the actions of Unitel High Technology Corporation.
III. Legal basis for the sanction: Subparagraph 2, paragraph 3, Article 36, subparagraph 4, paragraph 1, Article 178, and Article 179 of the Securities and Exchange Act, and paragraph 2, Article 7 of the Securities and Exchange Act Enforcement Rules.
IV. Fact of violation: Unitel High Technology Corporation received the first instance judgment of Taiwan's New Taipei District Court on May 25, 2022 regarding the company’s liability to compensate investors, and investors continued to apply to the court between August and October of the same year for the enforcement of seizing the company's assets. The case is a lawsuit and enforcement event that has significant impact on shareholders' equity or securities prices pursuant to paragraph 8, Article 7 of the Securities and Exchange Act Enforcement Rules; however, Unitel High Technology Corporation did not make a public announcement and filing until October 25, 2022, and this is verified to have violated subparagraph 2, paragraph 3, Article 36 of the Securities and Exchange Act.
V. Sanction imposed: A fine of NT$240,000 is imposed on the responsible person of the company in accordance with subparagraph 4, paragraph 1, Article 178, and Article 179 of the Securities and Exchange Act.
Contact unit: Section Chief Huang, Corporate Finance Division, Securities and Futures Bureau
Tel: (02) 2774-7295
For questions, please write to:FSCMAIL
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- Update： 2023-02-10
