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The Board of Directors of the Company resolves to conduct capital reduction. 

1.Date of the board of directors resolution: 2017/03/15
2.Reason for the capital reduction: To reduce share capital and pay it back to shareholders with the aim of improving return on equity and other financial ratios.
3.Amount of the capital reduction: NT$672,646,190
4.Cancelled shares: 67,264,619 shares
5.Capital reduction ratio: approximately 30%
6.Share capital after the capital reduction: NT$1,569,507,790
7.Scheduled date of the shareholders' meeting: 2017/06/07
8.Estimate listed common shares after the capital reduction: 156,950,779 shares
9.The estimate ratio of listed shares to the company's issued common shares, after the capital reduction: 100%
10.Countermeasures of the lower circulation in shareholding, if the aforesaid estimate listed common shares does not reach 60 million shares and the ration does not reach 25% after the capital reduction: N/A
11.Any other matters that need to be specified:
    (1) After the approval of this capital reduction from the Shareholders' Meeting and the authorities, the Board of Directors will set schedule and timeline for the record date of the capital reduction and that of issuance of new shares.
    (2) Before the record date, any changes to the capital reduction ratio and the amount returned per share caused by adjustment in regulations or request from the authorities, or in reponse to any other enviromrntal factors, will be brought up at the Shareholders' Meeting and be dealt with by the Chairman of the Board. 

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