Taiwan Mobile > Investor Relations > Announcement > Major Board Resolution

Major Board Resolution

TCC merger with T&M Investment

  • Merged entity: T&M Investment
  • Relation with TCC: 99.99%-owned by TCC
  • Purpose of the merger: Restructuring to save costs
  • Merger synergy: Resources sharing & cost savings
  • Impact to EPS: none
  • Transaction price: TCC pays cash to merge T&M at NT$67.65/share, based on the latter's book value at the end of 2003 minus cash dividend to be distributed in 2004
  • Closing date: June 30, 2004
  • Assets & liabilities of T&M will be assumed by TCC after the closing date