Announcement on behalf of subsidiary, SINMAG
LIMITED, for the capital reduction approved by the
board of directors
Date of events
2022/06/10
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/06/10
2.Reason for capital reduction:
Cooperates with Group operations plan
3.Amount of capital reduction:USD2,049,886
4.Cancelled shares:2,049,886 shares
5.Capital reduction ratio:57.75%
6.Share capital after capital reduction:USD1,500,000.75
7.Scheduled date of the shareholders' meeting:2022/06/10
8.Estimated no.of TPEx-listed common shares after issuance
of new shares upon capital reduction:NA
9.Estimated ratio of TPEx-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 TPEx-listed
common shares upon capital reduction does not reach 5 million
and the ratio does not reach 25%:NA
11.Record date of capital reduction:2022/06/13
12.Any other matters that need to be specified:None
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Sinmag Equipment Corporation published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 08:41:07 UTC.
SINMAG EQUIPMENT CORPORATION is a Taiwan-based company principally engaged in the manufacturing and trading of bakery and kitchen equipment. The Company's products mainly include mixers, split-round shaping machines, flour pressing machines, fermentation machines, ovens, slicers, frying machines, refrigerators, display cabinets and other kitchen equipment. The Company's bakery machines are applied in the production of bread, cakes, moon cakes and pizzas. The Company is also engaged in the provision of labor services. The Company distributes its products within domestic market and to overseas markets, including Americas, Asia, Europe and Africa.