Release Date: August 7, 115 Statement Date: August 6, 115 Statement Time: 13:47:37 Company Code: 1225 Company Name: Fumao Oils Subject: Explanation Regarding Media Reports Applicable Clause: Item 51 Fact Occurrence Date: August 6, 115
Details: 1. Fact Occurrence Date: 08/06/115 2. Company Name: Fumao Edible Oil Co., Ltd. 3. Relationship with Company (enter '本公司' or 'Subsidiary'):本公司 4. Cross-shareholding Ratio: Not applicable 5. Media Outlet: Yahoo News and other media reports 6. Report Content: Media reported that Fumao Edible Oil Co., Ltd. participated in a procurement bidding case by Taiwan Sugar Corporation. In May 115, the 'benzo(a)pyrene' (BaP) level in degummed oil exceeded the acceptance standard agreed upon by both parties. The oil product was manufactured under commission by Chung Lien Oils & Fats Corp. However, due to the above circumstances, related products of Taiwan Sugar Corporation were removed from shelves, causing reputational damage. Subsequently, after consultation with lawyers and accountants, Taiwan Sugar Corporation will file a lawsuit against Fumao Edible Oil Co., Ltd. 7. Cause: The company respects the decision made by Taiwan Sugar Corporation and will leave further proceedings to judicial determination. 8. Response Measures: Issue a significant information announcement for clarification. 9. Other Matters to Note: None
FACT BOX
- Source: PR Times
- Category: News