Nan Resins Chemical : Announcement on behalf of subsidiary ITLS International Development Co., Ltd. of the Board of Directors resolved to conduct capital reduction
Announcement on behalf of subsidiary
ITLS International Development Co., Ltd. of the Board
of Directors resolved to conduct capital reduction
Date of events
2022/07/04
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/07/04
2.Reason for capital reduction:
To reduce capital and refund cash to shareholders.
3.Amount of capital reduction:TWD59,000,000
4.Cancelled shares:5,900,000 shares
5.Capital reduction percentage:19.34%
6.Share capital after capital reduction:TWD246,000,000
7.Scheduled date of the shareholders meeting:NA
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:2022/07/10
12.Any other matters that need to be specified:None
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Nan Pao Resins Chemical Co. Ltd. published this content on 04 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 July 2022 05:42:01 UTC.
Nan Pao Resins Chemical Co Ltd is a Taiwan-based company mainly engaged in the manufacture of synthetic resin and painting materials. The Company's main products include shoe-adhesives, solvent-based adhesives, yellow latex, blister pack adhesives, woodworking, building and decorating adhesives, decorative or functional coatings of metal products and waterproof coatings. The Company distributes its products within domestic market and to overseas markets.
Nan Resins Chemical : Announcement on behalf of subsidiary ITLS International Development Co., Ltd. of the Board of Directors resolved to conduct capital reduction