【Cheng Shin】Board of Directors Approves Capital Increase for PT. Maxxis International Indonesia
Cheng Shin Rubber's Board of Directors approved a cash capital increase of USD 19,999,250 for its Indonesian subsidiary, PT. Maxxis International Indonesia, on May 13, 2026. This investment aims to enhance the subsidiary's operational capital.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 14, 2026 at 09:29 (1h 29m after Collected)
1. Name and nature of the subject matter (for preferred shares, terms and conditions such as dividend rate should also be specified): Cash capital increase for PT. Maxxis International Indonesia
2. Date of occurrence of the event: 2026/05/13~2026/05/13
3. Date of approval by the Board of Directors: May 13, 2026 (Republic of China Calendar Year 115)
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
This capital increase is USD 20,000,000. The company plans to invest USD 19,999,250, equivalent to approximately NTD 628,476,431 (NTD:USD=1:31.425).
6. Counterparty of the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, disclosure of their name may be exempted): A subsidiary of the company.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and transfer amount should also be disclosed: Not applicable.
8. If the transaction target's owner has been a related party of the company within the past five years, the related party's acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be disclosed: Not applicable.
9. Matters related to the disposal of receivables (including the type of collateral accompanying the receivables, if the disposed receivables belong to related party receivables, the name of the related party and the book value of the disposed related party receivables should also be disclosed): Not applicable.
10. Disposal profit (or loss) (not applicable for acquisition of securities) (for deferred items, a table should be provided to explain recognition status): Not applicable.
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
The company will use its own funds to increase capital in PT. Maxxis International Indonesia,
with a total amount of USD 19,999,250, equivalent to approximately NTD 628,476,431 (NTD:USD=1:31.425).
12. Method of determining this transaction, basis for price determination, and decision-making unit: Audit Committee and Board of Directors.
13. Net value per share of the target company for acquisition or disposal of securities: Not applicable.
14. As of now, the cumulative quantity, amount, shareholding ratio, and restricted rights (e.g., pledge status) of the securities held in this transaction (including this transaction):
Cumulative investment of USD 219,991,750 (including this investment), equivalent to approximately NTD 6,116,770,613,
with a shareholding of 99.99625%.
15. As of now, the proportion of securities investments (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the company's total assets and equity attributable to owners of the parent company in the latest financial report, and the working capital amount in the latest financial report (Note 2):
Securities investment as a percentage of the company's total assets: 82.9%
Securities investment as a percentage of the company's owners' equity: 126.45%
Working capital amount: -6,155,704,501 NTD
16. Broker and brokerage fees: Not applicable.
17. Specific purpose or use of acquisition or disposal: To meet the need for sufficient operating capital.
18. Opinions of dissenting directors on this transaction: None.
19. This transaction is a related party transaction: Yes
20. Date of approval by supervisors or Audit Committee: May 13, 2026 (Republic of China Calendar Year 115)
21. Accountant's non-reasonable opinion on this transaction: Not applicable.
22. Accounting firm name: Not applicable.
23. Accountant's name: Not applicable.
24. Accountant's practice certificate number: Not applicable.
25. Does it involve a change in operating model: Yes
26. Explanation of operating model change: Not applicable.
27. Transaction status with the counterparty in the past year and expected in the next year:
Capital increase in PT. Maxxis International Indonesia using own funds,
total amount USD 19,999,250, equivalent to approximately NTD 628,476,431 (NTD:USD=1:31.425).
28. Source of funds: Own funds
29. Date of previous material information announcement for the same event: Not applicable.
30. Other matters to be stated: None.
Keywords: Material Information
2. Date of occurrence of the event: 2026/05/13~2026/05/13
3. Date of approval by the Board of Directors: May 13, 2026 (Republic of China Calendar Year 115)
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
This capital increase is USD 20,000,000. The company plans to invest USD 19,999,250, equivalent to approximately NTD 628,476,431 (NTD:USD=1:31.425).
6. Counterparty of the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, disclosure of their name may be exempted): A subsidiary of the company.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and transfer amount should also be disclosed: Not applicable.
8. If the transaction target's owner has been a related party of the company within the past five years, the related party's acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be disclosed: Not applicable.
9. Matters related to the disposal of receivables (including the type of collateral accompanying the receivables, if the disposed receivables belong to related party receivables, the name of the related party and the book value of the disposed related party receivables should also be disclosed): Not applicable.
10. Disposal profit (or loss) (not applicable for acquisition of securities) (for deferred items, a table should be provided to explain recognition status): Not applicable.
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
The company will use its own funds to increase capital in PT. Maxxis International Indonesia,
with a total amount of USD 19,999,250, equivalent to approximately NTD 628,476,431 (NTD:USD=1:31.425).
12. Method of determining this transaction, basis for price determination, and decision-making unit: Audit Committee and Board of Directors.
13. Net value per share of the target company for acquisition or disposal of securities: Not applicable.
14. As of now, the cumulative quantity, amount, shareholding ratio, and restricted rights (e.g., pledge status) of the securities held in this transaction (including this transaction):
Cumulative investment of USD 219,991,750 (including this investment), equivalent to approximately NTD 6,116,770,613,
with a shareholding of 99.99625%.
15. As of now, the proportion of securities investments (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the company's total assets and equity attributable to owners of the parent company in the latest financial report, and the working capital amount in the latest financial report (Note 2):
Securities investment as a percentage of the company's total assets: 82.9%
Securities investment as a percentage of the company's owners' equity: 126.45%
Working capital amount: -6,155,704,501 NTD
16. Broker and brokerage fees: Not applicable.
17. Specific purpose or use of acquisition or disposal: To meet the need for sufficient operating capital.
18. Opinions of dissenting directors on this transaction: None.
19. This transaction is a related party transaction: Yes
20. Date of approval by supervisors or Audit Committee: May 13, 2026 (Republic of China Calendar Year 115)
21. Accountant's non-reasonable opinion on this transaction: Not applicable.
22. Accounting firm name: Not applicable.
23. Accountant's name: Not applicable.
24. Accountant's practice certificate number: Not applicable.
25. Does it involve a change in operating model: Yes
26. Explanation of operating model change: Not applicable.
27. Transaction status with the counterparty in the past year and expected in the next year:
Capital increase in PT. Maxxis International Indonesia using own funds,
total amount USD 19,999,250, equivalent to approximately NTD 628,476,431 (NTD:USD=1:31.425).
28. Source of funds: Own funds
29. Date of previous material information announcement for the same event: Not applicable.
30. Other matters to be stated: None.
Keywords: Material Information