Walsin Technology : WTC announces on behalf of subsidiaries, Walsin Technology Holding Corporation (HK) Ltd. and Gallatown Developments Ltd. resp. for capital reduction in cash
WTC announces on behalf of subsidiaries, Walsin
Technology Holding Corporation (HK) Ltd. and Gallatown
Developments Ltd. resp. for capital reduction in cash
Date of events
2022/08/04
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/08/04
2.Reason for capital reduction:For being fully utilized of the Group's funds,
the capital reduction will be refunded to the ultimate parent company
to achieve the best allocation of funds.
3.Amount of capital reduction:
(1)Walsin Technology Holding Corporation (HK) Ltd.:USD40,000,000
(2)Gallatown Developments Ltd.:USD60,000,000
4.Cancelled shares:
(1)Walsin Technology Holding Corporation (HK) Ltd.:8,000,000 shares
(2)Gallatown Developments Ltd.:7,500,000 shares
5.Capital reduction percentage:
(1)Walsin Technology Holding Corporation (HK) Ltd.:4.88%
(2)Gallatown Developments Ltd.:6.62%
6.Share capital after capital reduction:
(1)Walsin Technology Holding Corporation (HK) Ltd.:USD177,387,562
(2)Gallatown Developments Ltd.:USD105,781,904.90
7.Scheduled date of the shareholders meeting:2022/08/04
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:NA
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:NA
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%:NA
11.The record date for capital reduction:2022/08/04
12.Any other matters that need to be specified:Walsin Technology
Holding Corporation (HK) Ltd. conducts a capital reduction US$40 million
to return cash to its shareholder, Gallatown Developments Ltd.,
then Gallatown Developments Ltd. conducts a capital reduction US$60 million
to return to its shareholders in proportion to its shareholding. Finally,
the ultimate parent company, Walsin Technology Corporation receives a total
of US$60 million.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Walsin Technology Corporation published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 07:46:02 UTC.
Walsin Technology Corp is a Taiwan-based company principally engaged in the manufacture, processing and sales of multilayer ceramic chip capacitors (MLCCs), chip resistors, high-frequency (HF) devices and radio frequency devices. The Company also provides MLCC arrays, chip resistors, disk capacitors, rheostats, inductors, chip fuses and others. The Company's products are applied in computer peripherals, displays, power supplies, liquid crystal display (LCD) televisions, automotive electronics, home appliances, wireless communications products, Bluetooth products, cell phones, personal digital assistants (PDAs) and others. The Company mainly distributes its products within Asia market.
Walsin Technology : WTC announces on behalf of subsidiaries, Walsin Technology Holding Corporation (HK) Ltd. and Gallatown Developments Ltd. resp. for capital reduction in cash
WALSIN TECHNOLOGY CORPORATION 
