Subsidiary PHIHONG INTERNATIONAL CORP. to announce the resolution of the board of directors to handle cash capital reduction.
· Issued by Phihong Technology Co., Ltd.
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Today's Information
Provided by: PHIHONG TECHNOLOGY CO., LTD.
SEQ_NO
1
Date of announcement
2021/12/22
Time of announcement
18:31:34
Subject
Subsidiary PHIHONG INTERNATIONAL CORP. to announce
the resolution of the board of directors to handle cash
capital reduction.
Date of events
2021/12/22
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2021/12/22
2.Reason for capital reduction:For the effective use of group funds
3.Amount of capital reduction:USD8,640,000
4.Cancelled shares:8,640,000 shares
5.Capital reduction percentage:7.78%
6.Share capital after capital reduction:USD102,421,351
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:2022/01/06
12.Any other matters that need to be specified:None
