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News Releases |
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Announced by Yuanta Financial Holdings(former Fuhwa Financial Holdings)on behalf of Fuhwa Securities Co., LTD, the capital reduction is 16 billion. |
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- Date of the board of directors’ resolution: 2007/08/21
- Reason for the capital reduction: Fuhwa Securities Co., LTD (later Yuanta Securities Co., LTD) which the Yuanta Financial Holdings (former Fuhwa Financial Holdings) owns 100% will reduce its capital and refund to the shareholder.
The purposes are as below.
(1) Increased the earning per share and the return on equity of Fuhwa Securities Co., LTD (later Yuanta Securities Co., LTD).
(2) Relocated the assets and capital of the Yuanta Financial Holdings (former Fuhwa Financial Holdings).
- Amount of the capital reduction: NTD 16,000,000,000
- Cancelled shares: 1,600,000,000
- Capital reduction ratio: 22.96%
- Paid-in capital after the capital reduction: NTD 53,679,387,890
- Scheduled date of the shareholders' meeting: NA
- Any other matters that need to be specified:
(1) Under the Company Law and the Financial Holding Company Act, the rights and functions of the shareholders' meeting shall be exercised by the board of directors.
(2)The record date of capital reduction will be defined after the capital reduction has been approved by competent authority for securities and futures.
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