[Dadong] Announcement to Creditors Regarding Capital Reduction and Loss Offsetting
Dadong Textile Co., Ltd. has decided to implement a capital reduction to offset accumulated losses, as resolved in the annual shareholders' meeting on June 4, 2026. The capital will be reduced by 100 million TWD, with 10 million shares canceled.
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 09:00
- 🔍 Collected: June 5, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 7, 2026 at 05:46 (45h 45m after Collected)
1. Date of Occurrence: June 4, 2026
2. Company Name: Dadong Textile Co., Ltd.
3. Relationship to the Company: The Company
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: The Company resolved to conduct a capital reduction at the annual shareholders' meeting on June 4, 2026. In accordance with Article 281 of the Company Act and the applicable provisions, this announcement is issued to creditors.
6. Countermeasures:
(1) The Company passed a resolution at the annual shareholders' meeting on June 4, 2026, to conduct a capital reduction to offset accumulated losses.
(2) The Company's paid-in capital is 717,443,870 TWD, divided into 71,744,387 shares with a par value of 10 TWD each. To strengthen the company's financial structure and meet future operational development needs, it plans to reduce capital by 100,000,000 TWD to offset accumulated losses, canceling 10,000,000 shares. The reduction ratio is 13.94%, and the post-reduction paid-in capital will be 617,443,870 TWD.
(3) After the resolution of the annual shareholders' meeting and the approval of the competent authority, the Chairman will set the capital reduction reference date and the stock replacement reference date.
(4) Creditors who have objections to the aforementioned resolution for capital reduction are requested to submit a written statement with supporting debt documents to the Company, either in person or by mail (postmarked), within 31 days from the date of the announcement. If no objection is raised within the period, it shall be deemed that there is no objection. If a creditor transfers the debt after raising an objection, the right to object shall be forfeited, and the objection already submitted to the Company shall be deemed withdrawn. This announcement is hereby issued.
2. Company Name: Dadong Textile Co., Ltd.
3. Relationship to the Company: The Company
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: The Company resolved to conduct a capital reduction at the annual shareholders' meeting on June 4, 2026. In accordance with Article 281 of the Company Act and the applicable provisions, this announcement is issued to creditors.
6. Countermeasures:
(1) The Company passed a resolution at the annual shareholders' meeting on June 4, 2026, to conduct a capital reduction to offset accumulated losses.
(2) The Company's paid-in capital is 717,443,870 TWD, divided into 71,744,387 shares with a par value of 10 TWD each. To strengthen the company's financial structure and meet future operational development needs, it plans to reduce capital by 100,000,000 TWD to offset accumulated losses, canceling 10,000,000 shares. The reduction ratio is 13.94%, and the post-reduction paid-in capital will be 617,443,870 TWD.
(3) After the resolution of the annual shareholders' meeting and the approval of the competent authority, the Chairman will set the capital reduction reference date and the stock replacement reference date.
(4) Creditors who have objections to the aforementioned resolution for capital reduction are requested to submit a written statement with supporting debt documents to the Company, either in person or by mail (postmarked), within 31 days from the date of the announcement. If no objection is raised within the period, it shall be deemed that there is no objection. If a creditor transfers the debt after raising an objection, the right to object shall be forfeited, and the objection already submitted to the Company shall be deemed withdrawn. This announcement is hereby issued.
FAQ
What is the purpose of Dadong Textile's capital reduction?
To cover accumulated losses and strengthen the company's financial structure.
Does the capital reduction involve cash outflow?
No, this is a formal capital reduction, so there is no actual cash outflow.
How can creditors submit objections?
Creditors must submit a written objection to the company within 31 days of the announcement.