重大公告
重大公告
Repayment for creditors through cash capital reduction: Revision of appeal deadline
1. Date of event occurrence: 06/25/2018
2. Name of company: Nishoku Technology Inc.
3. Relationship with the company (enter this company or subsidiary): This company
4. Ratio of mutual stakes: N/A
5. Reason(s) for occurrence: Announced per Article 281 of the Company Act which also applies mutatis mutandis to Articles 73 and 74 of the same act.
6. Countermeasures:
(1) The proposal to re-pay capital to shareholders through cash capital reduction in order to raise the return on equity and adjust the capital structure was approved by the AGM on June 14, 2018. The amount of reduction is NT$158,606,570 for annulling 15,860,657 shares. Currently, the company has issued a total of 79,303,286 common shares. Based on the said reduction capital, the anticipated ratio of reduction is 20.00%. However, the exact amount of paid-up capital and exact ratio of reduction will be calculated based on the total quantity of shares by the base date of stock exchange after capital reduction.
(2) After competent authorities approve the present capital reduction project, the board of directors is authorized to set the capital reduction base date and the stock exchange base date.
(3) We planned to disclose the information on the MOPS on June 14, 2018 and the last date of acceptance of objections made by creditors was July 14, 2018. In cooperation with the press announcement on June 25, 2018, both the MOPS disclose and last date of objection acceptance were re-scheduled.
(4) Should there be disputes over the capital return after capital reduction, creditors may appeal to the company in writing within thirty-one (31) days after the date of announcement. Expressions made later than this period shall be deemed as acceptance.
7.Other information to disclose: No.