重大公告
重大公告
Repayment for creditors with cash capital reduction
1. Date of event occurrence: 06/14/2018
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. Reasons: The cash capital reduction is implemented as per the AGM resolution made June 14, 2018.
6. Countermeasures:
(I) The proposal to repay capital to shareholders though 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.
(II) Announced per Article 281 of the Company Act which also applies mutatis mutandis to Articles 73 and 74 of the same act.
(III) Creditors disagreeing with the present capital repayment through cash capital reduction shall appeal to the company in writing by July 14, 2018. Expressions made later than this date shall be deemed as acceptance.
(IV) Please be noted.
7. Other information to disclose: No.