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Taipei, Taiwan, R.O.C.－May 8, 2013 Holy Stone Enterprise Co., Ltd. (Holy Stone) (TWSE: 3026), a passive components manufacturer and an IC distributor, today held a Board meeting and reached a proposal for a capital reduction in the aim to place funds into more efficient use, raise shareholders return on equity and the Company’s earnings per share. Cash amount of NT$3.00 per share will be refunded to shareholders. A resolution shall be reached during Annual General Shareholders’ Meeting in the morning of June 14, 2013.
The level of capital reduction is estimated to be 30%, NT$960 million. The number of shares estimated to be cancelled is 96 million, and the paid-in capital after the reduction is estimated to be NT$2,241,522,180.
