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News Releases |
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Subsidiary company Fuhwa Commercial Bank announce the board of directors has approved new shares may be issued through private placement. |
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- Date of the board of directors’ resolution: 2007/08/16
- Source of the private placement funds: Yuanta Financial Holding Company (former Fuhwa Financial Holding Company)
- Number of shares privately placed: 1,000,000,000 shares
- Par value per share: NTD10 per share
- Total monetary amount of the private placement: NTD10,000,000,000
- Private placement price: Issue shares at par value
- Number of shares subscribed by employees: NA
- Number of shares subscribed by existing shareholders: 1,000,000,000 shares
- Rights and obligations of the new private placement shares: Holders have the same rights and obligations as the common share holders
- Use of the funds raised in the private placement: Strengthen the financial
structure and increasing capital adequacy ratio
- The record date for share conversion, if conversion, exchange, or subscription rights are attached: NA
- Possible dilution of equity, if conversion, exchange, or subscription
rights are attached: NA
- Any other matters that need to be specified: Under the Company law and
the Financial Holding Company Act, the rights and functions of the
shareholder's meeting shall be exercised by the board of directors
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