Business Context and Reporting Period
This Form 6-K filing by ChipMOS Technologies Inc. is dated November 7, 2016. The report addresses a specific administrative correction regarding the company's shareholding structure filed with the Taiwan Stock Exchange (TSE) following the listing of certificates of entitlement for its American Depository Receipts (ADRs).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a regulatory disclosure regarding a filing error and does not contain financial performance data.
Material Changes
The material change reported is the correction of an account code error in a TSE filing made by the company's shareholder services agent, KGI Securities. The error occurred on November 4, 2016, when the agent incorrectly used account code "BB" (Trust funds offered overseas) instead of "DD" (Entitled shares of global depositary receipts). This mistake would have resulted in an overstatement of foreign investors' ownership percentage. The error was corrected on November 7, 2016.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of operational risks. The primary contingency addressed was the potential misrepresentation of foreign ownership due to the agent's clerical error, which has been resolved through a public announcement and corrected filing.
Investor Verification Points
- Verify the corrected foreign ownership percentage in subsequent TSE filings to ensure the "DD" account code is accurately reflected.
- Confirm that the 512,405,340 common shares represented by the ADRs are correctly categorized as entitled shares of global depositary receipts.
- Review the public announcement made in Taiwan on November 7, 2016, for details on the correction process.