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Lite On Technology : Notice and Announcement to creditor for the spin-off resolution

HORIZON TECHNOLOGY FINANCE CORP : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)
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Provided by: LITE-ON TECHNOLOGY CORP.

SEQ_NO

1

Date of announcement

03/11/2022

Time of concert

17:47:56

Subject

 Notice and Announcement to creditor
for the spin-off resolution

Date of events

03/11/2022

To which item it meets

paragraph 51

Statement

1.Date of occurrence of the event:2022/03/11
2.Company name:LITE-ON TECHNOLOGY CORPORATION
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):Head Office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:To facilitate organization restructure and professional
 specialization.Boards of LITE-ON TECHNOLOGY approved on March 11,2022 to
 spin-off outdoor lighting business unit related operation(include asset
 ,liabilities and business) to 100% owned subsidiaries LEOTEK
 CORPORATION.Spin-off record date is tentatively scheduled on May 3,2022.
6.Countermeasures:To make public announcement
7.Any other matters that need to be specified:This public announcement is
 made to LITE-ON TECHNOLOGY's creditors pursuant to Article 35  of
 Enterprises Mergers and Acquisitions Act.Any LITE-ON TECHNOLOGY's
 dissenting creditors should indicate such opinions to LITE-ON TECHNOLOGY in
 written form with the proof document of such creditor identity, and it will
 be deemed as no dissenting creditors on the spin off if no opinion is
 received from March 11 2022 to April 11, 2022 (based on the date
 stamp, mailing address:@ 19/F, No. 392, Ruey Kuang Road, Neihu,Taipei 114).

Disclaimer

Lite-On Technology Corporation published this content on 11 March 2022 and is responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 09:55:03 UTC.

Publicnow 2022

All news about LITE-ON TECHNOLOGY CORPORATION

Sales 2022 179
6 326 M
6 326 M
Net income 2022 13 670 M
482
482
Net cash 2022 57 773 M
2 039 M
2 039 M
P/E ratio 2022 12.1x
Yield 2022 6,27%
Capitalization 161
5 690 M
5 690 M
EV / Sales 2022 0.58x
EV / Sales 2023 0.53x
Nbr of Employees 38 676
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Technical analysis trends LITE-ON TECHNOLOGY CORPORATION

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Income Statement Evolution

Sell

Buy

Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price

70,60 TWD

average target price

72,14 TWD

Spread / Average Target 2,19%


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