Asus 2008 Annual Report Download - page 130

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126
ASUSTEK COMPUTER INC.
Notes to Non-Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
(11) On April 24, 2008, the board of the Company resolved to acquire the newly issued
stocks for 279,628,141 shares of PEGATRON CORPORATION, a wholly-owned
subsidiary, by transferring all of its stocks of UNIHAN CORPORATION, another
wholly-owned subsidiary, for 800,100,000 shares to PEGATRON CORPORATION.
(12) On May 12, 2008, the Company acquired the stocks of International United Technology
Co., Ltd. (Taiwan) for 6,459,929 shares, 6,371,778 shares, and 1,250,000 shares
amounted to $56,072 thousand, $55,307 thousand and $10,850 thousand from
ASUSPOWER INVESTMENT CO., LTD., ASUS INVESTMENT CO., LTD., and
ASUSTEK INVESTMENT CO., LTD., respectively. After acquiring the stock, the
Company owned 56.73% stocks of International United Technology Co., Ltd. (Taiwan).
(13) The Company swapped 532,239,081 shares of ASUSTEK HOLDINGS LIMITED
(amounted to USD 672,838,469) to ASUSTEK HOLDINGS LIMITED to acquire
561,666,472 shares of PEGATRON HOLDING LTD. and 111,171,997 shares of
UNIHAN HOLDING LTD. at USD 1 per share on September 29, 2007. There was no
gain or loss incurred.
(14) The Company purchased the ownership interest of AXUS Microsystems Inc., Shinewave
International Inc., ASUS TECHNOLOGY INCORPORATION and ASMEDIA
TECHNOLOGY INC., for 1,772,996 shares, 9,652,500 shares, 19,000,000 shares and
24,487,850 shares, respectively, amounted to $24,444 thousand, $48,745 thousand,
$204,244 thousand and $161,233 thousand, respectively, from ASUSPOWER
INVESTMENT CO., LTD., ASUS INVESTMENT CO., LTD. and ASUSTEK
INVESTMENT CO., LTD.
(15) In order to enhance competitiveness and boost productivity, the Company’s shareholders
resolved, on October 30, 2007, to restructure the Company’s businesses into own-brand
and OEM. The date for the spin-off was set to commence on January 1, 2008.
According to the resolution, the Company transferred its computer OEM business, with
estimated value of $70,000,000 thousand to its newly established subsidiary,
PEGATRON CORPORATION, by subscribing 1,600,000,000 newly issued shares at
$43.75 per share of PEGATRON CORPORATION. In addition, the Company
transferred its non-computer OEM business and machine hull and molding tool R&D
business with estimated value of $12,000,000 thousand to its newly established
subsidiary, UNIHAN CORPORATION, by subscribing 800,000,000 newly issued shares
at $15 per share of UNIHAN CORPORATION. The plan has been approved by the
relevant authorities. The registration of changes was completed in January 2008. The
following is a list of assets and liabilities for the spin-off: