[Jiulong] Supplemental Announcement on Board Resolution to Approve Cash Capital Increase and New Share Issuance
Jiulong Technology approved a 150 million TWD cash capital increase for working capital and debt repayment.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 09:00
- 🔍 Collected: May 20, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 20, 2026 at 09:11 (1h 11m after Collected)
1. Board resolution date: May 19, 2026 (115/05/19)
2. Source of capital: Issuance of new common shares via cash capital increase.
3. Shelf registration: No.
4. Total issuance amount and shares: 150 million TWD, 15 million shares.
5. Applicable for shelf registration: Not applicable.
6. Remaining balance for shelf registration: Not applicable.
7. Face value per share: 10 TWD.
8. Issuance price: Provisional price of 25 TWD per share. Final price to be determined by the Chairman based on market conditions.
9. Shares for employees: 10% of issued shares.
10. Shares for public offering: 10% of issued shares.
11. Allocation for existing shareholders: 80% of issued shares.
12. Handling of fractional shares: Handled by the Chairman through designated underwriters.
13. Rights of new shares: Same as existing common shares.
14. Use of proceeds: To supplement working capital and repay bank loans.
15. Other matters: The Chairman is authorized to handle adjustments to terms due to regulatory requirements or market conditions.
2. Source of capital: Issuance of new common shares via cash capital increase.
3. Shelf registration: No.
4. Total issuance amount and shares: 150 million TWD, 15 million shares.
5. Applicable for shelf registration: Not applicable.
6. Remaining balance for shelf registration: Not applicable.
7. Face value per share: 10 TWD.
8. Issuance price: Provisional price of 25 TWD per share. Final price to be determined by the Chairman based on market conditions.
9. Shares for employees: 10% of issued shares.
10. Shares for public offering: 10% of issued shares.
11. Allocation for existing shareholders: 80% of issued shares.
12. Handling of fractional shares: Handled by the Chairman through designated underwriters.
13. Rights of new shares: Same as existing common shares.
14. Use of proceeds: To supplement working capital and repay bank loans.
15. Other matters: The Chairman is authorized to handle adjustments to terms due to regulatory requirements or market conditions.
FAQ
What is the scale of Jiulong Technology's capital increase?
The plan is to raise 150 million TWD through the issuance of 15 million new shares.
What is the main use of funds?
The funds will primarily be used for working capital and repayment of bank loans.
Is the issuance price determined?
The provisional price is set at 25 TWD per share.