Bor Cherng Co., Ltd. Board of Directors Resolves to Implement Capital Reduction to Compensate for Losses
Bor Cherng's Board of Directors has resolved to conduct a capital reduction of NTD 233,540,050 to compensate for accumulated losses. This will cancel 23,354,005 issued shares, and the capital reduction ratio will be 20.6027%. The capital after the reduction is expected to be NTD 900 million.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 09:14 (1h 14m after Collected)
1. Date of board resolution: 2026/05/12
2. Reason for capital reduction: Capital reduction to compensate for losses
3. Amount of capital reduction: NTD 233,540,050
4. Shares to be cancelled: 23,354,005 shares
5. Capital reduction ratio: 20.6027%
6. Capital after capital reduction: NTD 900,000,000
7. Scheduled date of shareholders' meeting: 2026/06/24
8. Number of listed common shares after capital reduction and new share listing: 90,000,000 shares
9. Ratio of listed common shares after capital reduction and new share listing to issued common shares (listed common shares after capital reduction / issued common shares after capital reduction): 100%
10. For cases where the number of listed common shares after capital reduction in the preceding two items is less than 60 million shares and less than 25%, please explain measures to address low stock liquidity: Not applicable
11. Base date for capital reduction: Not applicable
12. Other matters to be specified:
(1) Shareholders can, from five days before the book closure date for capital reduction and new share exchange until the day before the book closure date, apply to the company's share transfer agency to combine odd lots. Odd lots for which no combination is applied or which remain after combination and are less than one share will be paid at face value (in conjunction with scripless transfer operations, for shareholders whose shares are transferred via centralized custody, the payment for such odd lots will be used to offset their centralized custody fees), calculated to the nearest New Taiwan Dollar, with amounts below one dollar rounded down. All odd lots less than one share are authorized to be subscribed by specific persons at face value by the chairman.
(2) The new shares issued in this capital reduction are planned to be scripless, and their rights and obligations are the same as the originally issued shares.
(3) After this proposal is approved by the shareholders' meeting and submitted to the competent authority for approval, the board of directors is authorized to set the capital reduction base date, new share exchange operation plan, capital reduction and new share exchange base date, and other related matters for the capital reduction.
(4) If the capital reduction ratio changes due to changes in the company's capital, the shareholders' meeting will authorize the chairman to handle all related matters.
(5) For matters related to the capital reduction, if revisions are approved by the competent authority or changes are necessary due to objective circumstances, the shareholders' meeting will authorize the chairman to handle all related matters.
Keywords: Material Information
2. Reason for capital reduction: Capital reduction to compensate for losses
3. Amount of capital reduction: NTD 233,540,050
4. Shares to be cancelled: 23,354,005 shares
5. Capital reduction ratio: 20.6027%
6. Capital after capital reduction: NTD 900,000,000
7. Scheduled date of shareholders' meeting: 2026/06/24
8. Number of listed common shares after capital reduction and new share listing: 90,000,000 shares
9. Ratio of listed common shares after capital reduction and new share listing to issued common shares (listed common shares after capital reduction / issued common shares after capital reduction): 100%
10. For cases where the number of listed common shares after capital reduction in the preceding two items is less than 60 million shares and less than 25%, please explain measures to address low stock liquidity: Not applicable
11. Base date for capital reduction: Not applicable
12. Other matters to be specified:
(1) Shareholders can, from five days before the book closure date for capital reduction and new share exchange until the day before the book closure date, apply to the company's share transfer agency to combine odd lots. Odd lots for which no combination is applied or which remain after combination and are less than one share will be paid at face value (in conjunction with scripless transfer operations, for shareholders whose shares are transferred via centralized custody, the payment for such odd lots will be used to offset their centralized custody fees), calculated to the nearest New Taiwan Dollar, with amounts below one dollar rounded down. All odd lots less than one share are authorized to be subscribed by specific persons at face value by the chairman.
(2) The new shares issued in this capital reduction are planned to be scripless, and their rights and obligations are the same as the originally issued shares.
(3) After this proposal is approved by the shareholders' meeting and submitted to the competent authority for approval, the board of directors is authorized to set the capital reduction base date, new share exchange operation plan, capital reduction and new share exchange base date, and other related matters for the capital reduction.
(4) If the capital reduction ratio changes due to changes in the company's capital, the shareholders' meeting will authorize the chairman to handle all related matters.
(5) For matters related to the capital reduction, if revisions are approved by the competent authority or changes are necessary due to objective circumstances, the shareholders' meeting will authorize the chairman to handle all related matters.
Keywords: Material Information