[Sinyi] Announcement of Board of Directors' Resolution on Cash Reduction of Subsidiary
Key facts
- [Sinyi] Announcement of Board of Directors' Resolution on Cash Reduction of Subsidiary
- The subsidiary of the Sinyi Group, Jiuxin Real Estate (Wuxi) Co., Ltd., will implement a cash reduction to optimize the overall fund utilization of the group by transferring funds to the highest level of the group. The reduction amount is USD 15,000 thousand, and the reduction ratio is approximately 10%.
- Source: PR Times
- Date: June 22, 2026
Direct answer
The subsidiary of the Sinyi Group, Jiuxin Real Estate (Wuxi) Co., Ltd., will implement a cash reduction to optimize the overall fund utilization of the group by transferring funds to the highest level of the group. The reduction amount is USD 15,000 thousand, and the reduction ratio is approximately 10%.
- Citation
- [Sinyi] Announcement of Board of Directors' Resolution on Cash Reduction of Subsidiary (June 22, 2026), PR Times
- Source
- PR Times
- Date
- June 22, 2026
The subsidiary of the Sinyi Group, Jiuxin Real Estate (Wuxi) Co., Ltd., will implement a cash reduction to optimize the overall fund utilization of the group by transferring funds to the highest level of the group. The reduction amount is USD 15,000 thousand, and the reduction ratio is approximately 10%.
📋 Article Processing Timeline
- 📰 Published: June 22, 2026 at 09:00
- 🔍 Collected: June 23, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 23, 2026 at 17:15 (15 min after Collected)
1. Board of Directors' Resolution Date: 115/06/22
2. Reason for Reduction: In line with group fund planning, the subsidiary Jiuxin Real Estate (Wuxi) Co., Ltd., which is indirectly 100% owned by the company, will carry out a cash reduction and return the investment amount.
3. Reduction Amount: USD 15,000 thousand
4. Stock Cancellation: Not applicable
5. Reduction Ratio: 10.20%
6. Capital After Reduction: USD 132,000 thousand
7. Scheduled Shareholders' Meeting Date: 115/06/22
8. Scheduled Number of New Common Shares to be Listed After Reduction: Not applicable
9. Ratio of Scheduled Number of New Common Shares to be Listed After Reduction to Issued Common Shares: Not applicable
10. Measures if the number of listed common shares after reduction in the previous two items does not reach 60 million shares or 25% of issued common shares: Not applicable
11. Reduction Base Date: Not applicable
12. Other Matters to be Noted:
(1) Jiuxin Real Estate (Wuxi) Co., Ltd. will transfer funds of USD 15,000 thousand through cash reduction to its 100% owned parent company Sinyi Estate (Hong Kong) Co., Ltd. Sinyi Estate (Hong Kong) Co., Ltd. will carry out an equal amount of cash reduction and transfer the funds to its 100% owned parent company Sinyi Estate Ltd. Finally, Sinyi Estate Ltd. will carry out an equal amount of cash reduction and transfer the funds to its 100% owned parent company Sinyi International Limited for overall fund utilization of the group.
(2) Jiuxin Real Estate (Wuxi) Co., Ltd., Sinyi Estate (Hong Kong) Co., Ltd., and Sinyi Estate Ltd. are all important subsidiaries of the company, and the reduction of the three companies is the same event. The board of directors' resolution date and the scheduled shareholders' meeting date for the reduction are the same, and they are announced together to facilitate investors' understanding.
(3) Sinyi Estate (Hong Kong) Co., Ltd. will cancel 15,000 thousand shares, with a reduction ratio of 10.20%, capital after reduction of USD 132,010 thousand, and reduction base date: Not applicable.
(4) Sinyi Estate Ltd. will cancel 15,000 thousand shares, with a reduction ratio of 10.10%, capital after reduction of USD 133,510 thousand, and reduction base date: Not applicable.
(5) Cash Reduction New Stock Issuance Plan: Not applicable
(6) New Stock Issuance Base Date: Not applicable
(7) Start Date of Transfer Suspension: Not applicable
(8) End Date of Transfer Suspension: Not applicable
(9) Rights and Obligations of New Shares After Reduction: The rights and obligations before and after the reduction are the same.
(10) Scheduled Listing Date of New Shares: Not applicable
2. Reason for Reduction: In line with group fund planning, the subsidiary Jiuxin Real Estate (Wuxi) Co., Ltd., which is indirectly 100% owned by the company, will carry out a cash reduction and return the investment amount.
3. Reduction Amount: USD 15,000 thousand
4. Stock Cancellation: Not applicable
5. Reduction Ratio: 10.20%
6. Capital After Reduction: USD 132,000 thousand
7. Scheduled Shareholders' Meeting Date: 115/06/22
8. Scheduled Number of New Common Shares to be Listed After Reduction: Not applicable
9. Ratio of Scheduled Number of New Common Shares to be Listed After Reduction to Issued Common Shares: Not applicable
10. Measures if the number of listed common shares after reduction in the previous two items does not reach 60 million shares or 25% of issued common shares: Not applicable
11. Reduction Base Date: Not applicable
12. Other Matters to be Noted:
(1) Jiuxin Real Estate (Wuxi) Co., Ltd. will transfer funds of USD 15,000 thousand through cash reduction to its 100% owned parent company Sinyi Estate (Hong Kong) Co., Ltd. Sinyi Estate (Hong Kong) Co., Ltd. will carry out an equal amount of cash reduction and transfer the funds to its 100% owned parent company Sinyi Estate Ltd. Finally, Sinyi Estate Ltd. will carry out an equal amount of cash reduction and transfer the funds to its 100% owned parent company Sinyi International Limited for overall fund utilization of the group.
(2) Jiuxin Real Estate (Wuxi) Co., Ltd., Sinyi Estate (Hong Kong) Co., Ltd., and Sinyi Estate Ltd. are all important subsidiaries of the company, and the reduction of the three companies is the same event. The board of directors' resolution date and the scheduled shareholders' meeting date for the reduction are the same, and they are announced together to facilitate investors' understanding.
(3) Sinyi Estate (Hong Kong) Co., Ltd. will cancel 15,000 thousand shares, with a reduction ratio of 10.20%, capital after reduction of USD 132,010 thousand, and reduction base date: Not applicable.
(4) Sinyi Estate Ltd. will cancel 15,000 thousand shares, with a reduction ratio of 10.10%, capital after reduction of USD 133,510 thousand, and reduction base date: Not applicable.
(5) Cash Reduction New Stock Issuance Plan: Not applicable
(6) New Stock Issuance Base Date: Not applicable
(7) Start Date of Transfer Suspension: Not applicable
(8) End Date of Transfer Suspension: Not applicable
(9) Rights and Obligations of New Shares After Reduction: The rights and obligations before and after the reduction are the same.
(10) Scheduled Listing Date of New Shares: Not applicable
FAQ
What is the purpose of Sinyi Group's cash reduction?
The purpose is to optimize group fund planning and improve fund utilization efficiency.
How much is the reduction amount?
The reduction amount is USD 15,000 thousand.
How will the capital change after the reduction?
The capital after the reduction will be USD 132,000 thousand.