Sumco Corporation
Notice Regarding Change of Consolidated Subsidiary (Change to Equity-Method Affiliate)
The Company plans to sell part of the shares (5.2%) of its consolidated subsidiary FORMOSA SUMCO TECHNOLOGY CORPORATION, reducing its voting rights ratio from 43.2% to 38.0%, and change the subsidiary's status to an equity-method affiliate.
Key Figures
- Voting Rights Ratio (Before Sale): 43.2%
- Voting Rights Ratio (Planned After Sale): 38.0%
- FST Net Sales (Fiscal Year Ending December 2024): 12,421 million NT$ (Year-over-Year Decrease)
AI要約
Overview of the Change
The Company has resolved to sell part of the shares (5.2%) of its consolidated subsidiary FORMOSA SUMCO TECHNOLOGY CORPORATION (FST) sequentially on the Taiwan stock market, reducing its voting rights ratio from 43.2% to 38.0%, thereby changing FST’s status from a consolidated subsidiary to an equity-method affiliate. FST is a joint venture with Taiwan’s Formosa Plastics Group, and this move aims to review the capital relationship. Even after the sale is completed, the Company will maintain a 38.0% voting rights ratio and continue a good cooperative relationship.
Future Outlook and Impact
The effective date of the change will be disclosed promptly once the sale completion date is determined. Currently, the timing of the sale completion is undecided, and the impact on the consolidated results for the fiscal year ending December 2026 is unknown. The Company will promptly disclose any matters requiring notification in the future. FST’s performance over the past three years has shown a declining trend in net sales, operating income, and net income.
Sumco Corporation
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