China General Plastics : CGPC announces on behalf of subsidiary,CGPC Polymer Corp. Board of Directors proposes new shares issuance for capital increase by earnings recapitalization.
CGPC announces on behalf of subsidiary,CGPC Polymer
Corp. Board of Directors proposes new shares issuance for
capital increase by earnings recapitalization.
Date of events
2022/03/09
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/09
2.Source of capital increase funds:Profit of 2021.
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
No.
4.Total monetary value of the issuance and number of shares issued (shares
issued not including those distributed to employees if consisting in
capital increase from earnings or capital surplus):
Total amount is NT$200,000,000 ,and 20,000,000 shares.
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:NA.
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:NA.
7.Par value per share:NT$10.
8.Issue price:NA.
9.Number of shares subscribed for by or allocated to employees:None.
10.Number of shares publicly sold:NA.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:250 shares per 1,000 shares.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:
If the stock dividends include any fractional shares which
are less than one full share, the fractional shares may be collectively
subscribed or consolidated and allocated to a single shareholder.
Otherwise, Shareholding of less than one share shall be paid in cash.
Fractional shares will be purchased by persons arranged by the Chairman
as authorized by the Board.
13.Rights and obligations of these newly issued shares:
Same as existing shares.
14.Utilization of the funds from the capital increase:
To increase working capital.
15.Any other matters that need to be specified:
If this case needs to be changed by the authorities, the Board will be
authorized by Shareholders' Meeting to deal with related matters.
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China General Plastics Corporation published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 11:00:08 UTC.
China General Plastics Corp is a Taiwan-based company mainly engaged in the manufacture and sale of plastics and related products. The main products include vinyl chloride monomer (VCM) products, ethylene dichloride (EDC), polyvinyl chloride (PVC) powder, plastic pellets and chemicals, plastic cloth, plastic skin and soft skin, as well as PVC construction products such as plastic tubes, plastic pipes, plastic door sheets and erosion protection shields. The Company is also engaged in the provision of design, installation and other technical services for chemical equipment. The Company operates in Asia, America, Oceania, Europe, the Middle East and Africa markets.
China General Plastics : CGPC announces on behalf of subsidiary,CGPC Polymer Corp. Board of Directors proposes new shares issuance for capital increase by earnings recapitalization.
CHINA GENERAL PLASTICS CORPORATION 
