Yuanta Financial : announces board resolution of Yuanta Asset Management to reduce capital NT$0.5 billion
August 31, 2017 at 03:43 am EDT
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Date of the board of directors resolution: 2017/08/30
Reason for the capital reduction: To increase the EPS and ROE of Yuanta Asset Management
Amount of the capital reduction: NT$500,000,000
Cancelled shares: 50,000,000 shares
Capital reduction ratio: About 33.3%
Share capital after the capital reduction:NT$1,000,000,000
Scheduled date of the shareholders' meeting: N/A
Estimate listed common shares after the capital reduction: N/A
The estimate ratio of listed shares to the company's issued common shares,after the capital reduction: N/A
Countermeasures of the lower circulation in shareholding, if the aforesaid estimate listed common shares does not reach 60 million shares and the ration does not reach 25% after the capital reduction: N/A
Any other matters that need to be specified:(1) After obtaining approval from the competent authority for the capital reduction, the chairman of the board is authorized to set the record date for the capital reduction and other related matters.(2) According to the Company Act and the Financial Holding Company Act, the functional duties and power of the shareholders' meeting of Yuanta Asset Management shall be exercised by the board of directors.
Yuanta Financial Holdings published this content on 30 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 August 2017 07:42:04 UTC.
Original documenthttp://www.yuanta.com/en/IR05/IR0501
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Yuanta Financial Holding Co., Ltd. is a Taiwan-based financial holding company mainly engaged in the financing businesses. The Company mainly conducts investment business and business management business. The Company mainly invests in financial holding company, banking, voucher finance, credit, trust, security, and other financial related businesses. The company's main businesses include voucher, banking, life insurance, investment trust and others.