Provided by: Taiwan Hon Chuan Enterprise Co., Ltd.
SEQ_NO
3
Date of announcement
2022/03/23
Time of announcement
16:22:47
Subject
On behalf of major subsidiaries Hon Chuan (China)
Holding Co., Ltd. to announce cash capital reduction
Date of events
2022/03/23
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/23
2.Reason for capital reduction:
In order to fully use group capital and improve the use
efficiency, Hon Chuan (China) Holding Co., Ltd.,
transacts the capital reduction and returns to its parent company
Hon Chuan Holding Limited and other shareholders,
so as to reach an optimum allocation of capital.
3.Amount of capital reduction:USD 13,000,000
4.Cancelled shares:21,276,596 shares
5.Capital reduction percentage:13.09%
6.Share capital after capital reduction:USD 14,128,861.30
7.Scheduled date of the shareholders meeting:2022/03/23
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:N/A
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:N/A
10.Please explain any countermeasures for lower circulation in
shareholding if the aforesaid estimated no.of listed common shares upon
capital reduction does not reach 60 million and the percentage does not
reach 25%:N/A
11.The record date for capital reduction:N/A
12.Any other matters that need to be specified:N/A
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THC - Taiwan Hon Chuan Enterprise Co. Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 08:33:06 UTC.
Taiwan Hon Chuan Enterprise Co Ltd is a Taiwan-based company principally engaged in the manufacture and sale of packaging materials for beverage industry. The main products include bottle cap products such as aluminum, plastic and lug bottle caps, as well as labels, polyethylene terephthalate (PET) bottles, mineral water bottles, sterile bottles, filter heads, filter paper products and heat shrinkable packaging films. The Company is also engaged in the beverage filling business and the original equipment manufacturer business. The Company operates within the domestic market and to overseas markets.