Enforcement
Fine Imposition on Person Responsible for the Acts of Taisun Enterprise Co., Ltd.
2023-02-14
I.Date of sanction: February 14, 2023
II.Object of sanction: XX Chan, the person responsible for the act of Taisun Enterprise Co., Ltd.
III.Legal basis for the sanction: Paragraph 8 of Article 26-3, paragraph 1 of Article 36, subparagraphs 9 and 11, paragraph 1 of Article 178, and Article 179 of the Securities and Exchange Act, paragraph 1, Article 7 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies, and Articles 5 and 11 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
IV.Fact of violation: Before its board meeting decided to dispose of the shares of Taiwan FamilyMart Co., Ltd. on December 2, 2022, Taisun Enterprise Co., Ltd., did not make an evaluation and include it in the meeting data in accordance with its prescribed procedures for acquisition or disposal of assets; the data of the proposal was only a one-page shareholding list, the company did not provide and supplement the documents of some directors’ inquiry and request at the meeting, and the accountants and lawyers who attended the meeting as non-voting delegates did not leave the meeting during the discussion and voting; these are verified to have violated paragraph 1, Article 7 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies, and Articles 5 and 11 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
V.Sanction imposed: A fine of NT$480,000 is imposed on the responsible person of the company in accordance with subparagraphs 9 and 11, paragraph 1 of Article 178, and Article 179 of the Securities and Exchange Act.
Contact unit: Ya-Chun Chang, Section Chief, Corporate Finance Division, Securities and Futures Bureau
Tel: (02) 2774-7147
For questions, please write to:FSCMAIL
II.Object of sanction: XX Chan, the person responsible for the act of Taisun Enterprise Co., Ltd.
III.Legal basis for the sanction: Paragraph 8 of Article 26-3, paragraph 1 of Article 36, subparagraphs 9 and 11, paragraph 1 of Article 178, and Article 179 of the Securities and Exchange Act, paragraph 1, Article 7 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies, and Articles 5 and 11 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
IV.Fact of violation: Before its board meeting decided to dispose of the shares of Taiwan FamilyMart Co., Ltd. on December 2, 2022, Taisun Enterprise Co., Ltd., did not make an evaluation and include it in the meeting data in accordance with its prescribed procedures for acquisition or disposal of assets; the data of the proposal was only a one-page shareholding list, the company did not provide and supplement the documents of some directors’ inquiry and request at the meeting, and the accountants and lawyers who attended the meeting as non-voting delegates did not leave the meeting during the discussion and voting; these are verified to have violated paragraph 1, Article 7 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies, and Articles 5 and 11 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
V.Sanction imposed: A fine of NT$480,000 is imposed on the responsible person of the company in accordance with subparagraphs 9 and 11, paragraph 1 of Article 178, and Article 179 of the Securities and Exchange Act.
Contact unit: Ya-Chun Chang, Section Chief, Corporate Finance Division, Securities and Futures Bureau
Tel: (02) 2774-7147
For questions, please write to:FSCMAIL
- Visitor： 1208
- Update： 2023-02-17
