Report of Foreign Issuer (6-k)
September 20 2016 - 6:02AM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
September 19, 2016
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Commission File Number
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001-31335
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AU Optronics Corp.
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(Translation of registrant’s name into
English)
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No. 1 Li-Hsin Road 2
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Hsinchu Science Park
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Hsinchu, Taiwan
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(Address of principal executive offices)
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Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
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Form 20-F
_X
Form
40-F
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Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
____
Note:
Regulation S-T Rule
101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
____
Note:
Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on
which the registrant's securities are traded, as long as the report or other document is not a press release, is not required
to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been
the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether
by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If "Yes" is marked,
indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
Not applicable
INDEX
TO EXHIBITS
Item
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1.
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Taiwan Stock Exchange filing entitled,
“To announce the disposal of shares of AUO SunPower Sdn. Bhd.(AUSP) on behalf of
AU Optronics Singapore Pte. Ltd.(AUSG)” dated September 19, 2016.
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Signatures
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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AU Optronics Corp.
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Date:
September 19,2016
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By:
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/s/ Benjamin Tseng
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Name:
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Benjamin Tseng
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Title:
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Chief Financial Officer
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AU Optronics
Corp.
September
19, 2016
English Language
Summary
Subject:
To announce the disposal of shares of AUO SunPower Sdn. Bhd.(AUSP) on behalf of AU Optronics Singapore Pte. Ltd.(AUSG)
Regulation:
Published pursuant to Article 4-20 of the Taiwan Stock Exchange's Operating Procedures for the Publication of Material Information
by Listed Companies
Date
of Events: 2016/09/19
Contents:
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1.
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Name and nature of the
subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g.dividend yield):
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Common
shares of AUSP.
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2.
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Date of occurrence of the
event:
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2016/09/19
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3.
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Volume, unit price, and
total monetary amount of the transaction:
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Volume: 1,128,575
thousand shares
Unit price:
USD0.15 per share
Total monetary
amount: USD170,100 thousand
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4.
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Counterpart to the trade
and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party
of the Company, the name of the trading counterpart is not required to be disclosed):
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SunPower
Technology, Ltd. (SPTL)
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5.
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Where the counterpart to
the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as
trading counterpart and the identity of the previous owner (including its relationship with the company and the
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trading
counterpart), price of transfer, and date of acquisition:
N.A.
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6.
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Where a person who owned
the property within the past five years has been an actual related person of the company, a public announcement shall also include
the dates and prices of acquisition and disposal by the related person and the person’s relationship to the company at those
times:
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N.A.
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7.
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Matters related to the
creditor's rights currently being disposed of (including types of collateral of the disposed creditor's rights; if the creditor's
rights are creditor's rights toward a related person, the name of the related person and the book amount of the creditor's rights
toward such related person currently being disposed of must also be announced):
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N.A.
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8.
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Anticipated profit or loss
from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition
shall be stated and explained):
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After
AUSG’s sale of its shares in AUSP, AUO will recognize relevant investment loss of approximately US$ 7 million on its consolidated
statement in the third quarter according to the relevant accounting principles. The loss is a non-cash charge. The transaction
will result in positive cash flow to AUO.
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9.
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Terms of delivery or payment
(including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:
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Purchase
price will be paid in installments, and will be guaranteed by SPTL’s parent company SunPower Corp. Both parties have also
reached amicable agreements regarding issues related to their joint venture, including the termination of the joint venture and
other relevant agreements.
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10.
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The manner in which the
current transaction was decided, the reference basis for the decision on price, and the decision-making department:
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Resolved
by the Board of Directors of AUO
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11.
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Current cumulative volume,
amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction
of rights (e.g. pledges):
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Current
cumulative volume (including the current trade): 0
Current
cumulative amount (including the current trade): 0
Shareholding
percentage of holdings (including the current trade): 0
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12.
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Current ratio of long or
short term securities investment (including the current trade) to the total assets and shareholder's equity as shown in the most
recent financial statement and the operating capital as shown in the most recent financial statement:
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AUSG's current ratio
of long or short term securities investment (including the current trade) to the total assets of AUO: 0.07%
AUSG's current ratio
of long or short term securities investment (including the current trade) to the shareholder's equity of AUO: 0.16%
AUO's operating capital:
NT$-25,031 million
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13.
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Broker and broker's fee:
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N.A.
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14.
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Concrete purpose or use
of the acquisition or disposal:
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To
dispose long-term equity investment
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15.
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Net worth per share of
the underlying securities acquired or disposed of:
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NT$5.87
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16.
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Do the directors have any
objection to the present transaction?
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None.
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17.
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Has the CPA issued an opinion
on the unreasonableness of the price of the current transaction?
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None.
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18.
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Any other matters that
need to be specified:
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1.
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AUO and SunPower Systems
Sarl have also entered into a supply agreement under which SunPower Systems Sarl will provide high-efficiency back-contact solar
modules to AUO according to the terms and conditions thereunder.
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2.
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Contingent on various
conditions, the transaction is expected to close by the end of the month.
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