Friday, December 10, 2010


OSIM: Co. announced that it submitted an application to the TWSE and the Taiwan Central Bank (TCB) for the offering and listing of 85m TDR units, at temporary indicative offer price of NT$20.80 for each TDR unit (each TDR unit represents 0.5 ordinary shares of the Company) representing an aggregate of up to 42.5m ordinary shares (or $1.80 equivalent for each ordinary share) to be issued out of treasury of the Company on the TWSE….

The Proposed TDR Issue is also subject to the approval of the Financial Supervisory
Commission, Executive Yuan, Republic of China. The application for such approval will be made after the relevant approvals from the TWSE and the TCB have been obtained…

Based on the temporary indicative offer price, the estimated proceeds will be NTD 1,768 million ($76m equivalent). Proceeds from the Proposed TDR Issue will be used for investment in developing specialty retail outlets for personal care and sports-related products & expand the scale of the Co’s business in China.

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