Provided by: EASTERN MEDIA INTERNATIONAL CORPORATION
SEQ_NO
2
Date of announcement
2022/06/13
Time of announcement
13:35:16
Subject
The company makes capital reduction announcement
to its creditors
Date of events
2022/06/13
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/06/13
2.Company name:EASTERN MEDIA INTERNATIONAL CORPORATION
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office.
4.Reciprocal shareholding ratios:NA.
5.Cause of occurrence:In accordance with the General Meeting of Shareholders'
resolution to conduct capital reduction.
6.Countermeasures:
(1)In order to increase the return on equity and EPS,
the General Meeting of Shareholders resolved to conduct capital reduction.
(2)Amount of capital reduction:NT$528,950,400;
Cancelled shares:52,895,040 shares;
Capital reduction percentage:10%;
Share capital after capital reduction:NT$4,760,553,550.
(3)After receiving approval from the
shareholders meeting and reporting to the competent authority for
effectuation,the Board of Directors will set the record date of capital
reduction and that of replacement of shares.
(4)Calculated individually based on the no. of shares held by each
shareholder on the shareholders'roster at the record date for replacement
of shares upon capital reduction. 900 shares will be reissued per
1,000 shares (a reduction of 100 shares per 1,000 shares). A cash
refund of NT$1,000 is expected to be returned per 1,000 shares.
(5)The rights and obligations of the new shares are the same as those of
the original shares.
(6)It is proposed for the shareholders meeting to authorize the Board of
Directors to handle any changes and necessary adjustments caused by
amendments in regulations or requests from competent authorities.
(7)Pursuant to Article 281 herein to which Article 73 & 74 of the Company Act
applies mutatis mutandis,hereby makes capital reduction announcement
to its creditors.
(8)If any creditors of the Company object to this capital reduction,
please submit your objection in writing within 30 days after the
next day of this announcement. Creditors who fail to reply within the
mentioned period should be deemed to have no objections.
7.Any other matters that need to be specified:None.
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Disclaimer
EMI - Eastern Media International Corporation published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 05:42:07 UTC.
Eastern Media International Corp is a Taiwan-based company principally engaged in the business of cargo handling, loading and unloading of ships in commercial port areas, transfer of pallet facilities, retailing of pet food and supplies, pet grooming services, audio-visual advertising services and production of related programs. The Company's segments include the Warehousing, the Trading, the Media and the Leisure and Tourism. The Warehousing segment is engaged in the business of cargo handling and transfer of pallet facilities in commercial ports. The Trading segment is mainly engaged in the business of commodity trading. The Media segment is mainly engaged in the business of advertising. The Leisure and Tourism segment is mainly engaged in the business of resort hotel catering.
EASTERN MEDIA INTERNATIONAL CORPORATION 