Announcement of the company's board of directors'
resolution to issue the second domestic unsecured
conversion corporate bonds
Date of events
2022/06/22
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/06/22
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]: Kingcan Holdings Limited's issuance of the second
domestic unsecured conversion of corporate bonds
3.Whether to adopt shelf registration (Yes/No):NO
4.Total amount issued:up to NT$400,000,000.
5.Face value per bond:One hundred thousand New Taiwan Dollars only
6.Issue price:100% of face value, the actual total issued amount will
be dependent on the auction results.
7.Issuance period: 3 years
8.Coupon rate:0%
9.Types, names, monetary values and stipulations of collaterals:NA
10.Use of the funds raised by the offering and utilization plan:
To strengthen working capital and repay loans.
11.Underwriting method:Use bidding auction for public sale
12.Trustees of the corporate bonds:
Bank Sinopac Company Limited Trust Department
13.Underwriter or agent: SinoPac Securities Limited
14.Guarantor(s) for the issuance:NA
15.Agent for payment of the principal and interest:
Shares Agency Department of SinoPac Securities Limited
16.Certifying institution:NA
17.Where convertible into shares, the rules for conversion:
The conversion method will be handled in accordance with the relevant laws
and regulations, and will be reported to the authorities for approval
before announcement
18.Sell-back conditions:The conversion method will be handled in accordance
with relevant laws and regulations, and will be reported to the authorities
for approval before announcement.
19.Buyback conditions:The conversion method will be handled in accordance
with relevant laws and regulations, and will be reported to the authorities
for approval before announcement.
20.Reference date for any additional share exchange, stock swap, or
subscription:The conversion method will be handled in accordance with the
relevant laws and regulations, and will be reported to the authorities for
approval before announcement.
21.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription: The conversion method will be handled in
accordance with the relevant laws and regulations, and will be reported to
the authorities for approval before announcement.
22.Any other matters that need to be specified:
(1) After the competent authority declares the effective issuance of the
convertible corporate bonds, the chairman is authorized to make any
amendment to the issuance schedule,, and will apply to the Republic of
China Securities OTC Trading Center for over-the-counter trading.
(2) The chairman is authorized to sign all documents relevant to the
issuance of the domestic unsecured conversion corporate bonds and handle
related issues.
(3) In order to cooperate with the issuance of the domestic unsecured
convertible corporate bond financing plan previously disclosed, it is
proposed to authorize the chairman of the company to approve and represent
the company to sign all contract documents related to the issuance of
domestic unsecured convertible corporate bonds, and to handle the relevant
issuance on behalf of the company.
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Kingcan Holdings Ltd. published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2022 14:14:02 UTC.
Kingcan Holdings Limited is a Cayman Islands-based tinplate can maker in China. The Company provides approximately 50 types of tinplate cans, which include beverage, process food and industrial used cans with daily production capacity of over 10 million cans and an annual capacity of approximately three billion cans. The Company owns approximately 20 fully-automatic production line, which includes various production processes, such as cutting, coating, printing, sheet cutting, welding, side seaming, drying, necking, flanging, can end sealing and vacuum-testing; imported six-color printing, high frequency welding machines, and high-speed canning line from Switzerland, the United Kingdom and Germany. The Company owns over four factories, which include Fuijan Fuzhen Metal Packaging Co., Ltd., Shandong Kingcan Metal Packaging Co., Ltd., Guangdong Kingcan Metal Packaging Co., Ltd. and Hubei Kingcan Metal Packaging Co., Ltd.
KINGCAN HOLDINGS LIMITED 
