[IBF Financial Holdings] Announcement on behalf of subsidiary Rakuten International Commercial Bank regarding capital reduction to offset deficit
IBF Financial Holdings announced that its subsidiary, Rakuten International Commercial Bank, will undergo a capital reduction of NT$2.78 billion to offset accumulated deficits and improve its financial structure.
📋 Article Processing Timeline
- 📰 Published: April 17, 2026 at 09:00
- 🔍 Collected: April 18, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 18, 2026 at 21:53 (13h 53m after Collected)
1. Date of occurrence of the event: April 17, 2026
2. Company name: Rakuten International Commercial Bank Co., Ltd.
3. Relationship to the Company (please enter "head office" or "subsidiary"): Subsidiary
4. Reciprocal shareholding ratios: 49%
5. Cause of occurrence: Rakuten International Commercial Bank's shareholders' meeting resolved to pass a capital reduction to offset accumulated deficits. In accordance with Article 281 mutatis mutandis Article 73 and Article 74 of the Company Act, the company announces to creditors the capital reduction to offset deficits.
6. Countermeasures:
(1) The company's annual shareholders' meeting on April 17, 2026, resolved to process a capital reduction to offset deficits. The amount of capital reduction is NT$2,778,938,000, canceling 277,893,800 shares. The capital reduction ratio is 27.78938%. The paid-in capital after the reduction will be NT$7,221,062,000, with a total of 722,106,200 issued shares at a par value of NT$10 per share.
(2) The company will proceed with the relevant matters of this capital reduction case after reporting to and obtaining approval from the relevant competent authorities.
(3) If creditors of the company have any objections to the resolution of this capital reduction, please submit them to the company in writing within 31 days from the day following the publication of this announcement. Failure to express an objection within the time limit will be deemed as no objection. This announcement is hereby made.
7. Any other matters that need to be specified: None
2. Company name: Rakuten International Commercial Bank Co., Ltd.
3. Relationship to the Company (please enter "head office" or "subsidiary"): Subsidiary
4. Reciprocal shareholding ratios: 49%
5. Cause of occurrence: Rakuten International Commercial Bank's shareholders' meeting resolved to pass a capital reduction to offset accumulated deficits. In accordance with Article 281 mutatis mutandis Article 73 and Article 74 of the Company Act, the company announces to creditors the capital reduction to offset deficits.
6. Countermeasures:
(1) The company's annual shareholders' meeting on April 17, 2026, resolved to process a capital reduction to offset deficits. The amount of capital reduction is NT$2,778,938,000, canceling 277,893,800 shares. The capital reduction ratio is 27.78938%. The paid-in capital after the reduction will be NT$7,221,062,000, with a total of 722,106,200 issued shares at a par value of NT$10 per share.
(2) The company will proceed with the relevant matters of this capital reduction case after reporting to and obtaining approval from the relevant competent authorities.
(3) If creditors of the company have any objections to the resolution of this capital reduction, please submit them to the company in writing within 31 days from the day following the publication of this announcement. Failure to express an objection within the time limit will be deemed as no objection. This announcement is hereby made.
7. Any other matters that need to be specified: None