No. | 2 | Date | 2022/03/23 | Time | 16:22:34 |
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Subject | On behalf of subsidiaries Hon Hsing (Samoa) Holding Limited to announce cash capital reduction |
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Date of events | 2022/03/23 | To which item it meets | paragraph 11 | ||
Explanation | 1.Date of the board of directors resolution:2022/03/23 2.Reason for capital reduction: In order to fully use group capital and improve the use efficiency, Hon Hsing (Samoa) Holding Limited, transacts the capital reduction and returns to its parent company Hon Chuan (China) Holdings Co., Ltd., so as to reach an optimum allocation of capital. 3.Amount of capital reduction:USD 13,000,000 4.Cancelled shares:13,000,000 shares 5.Capital reduction percentage:10.25% 6.Share capital after capital reduction:USD 113,806,000 7.Scheduled date of the shareholders meeting:2022/03/23 8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:N/A 9.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:N/A 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%:N/A 11.The record date for capital reduction:N/A 12.Any other matters that need to be specified:N/A |