Chin-Kung: The Company Handles Cash Capital Reduction to Refund Shares and Convenes a Major Information Press Conference
Chin-Kung has decided on a cash capital reduction to return funds to shareholders and optimize its capital structure. The reduction amounts to NT$463,482,930, eliminating 46,348,293 shares, with a capital reduction ratio of 30%. This decision is slated for approval at the shareholder meeting on June 17, 2026.
📋 Article Processing Timeline
- 📰 Published: May 6, 2026 at 09:00
- 🔍 Collected: May 7, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 7, 2026 at 08:59 (59 min after Collected)
1. Date of board resolution: 115/05/06 (May 6, 2026)
2. Reason for capital reduction: To improve shareholder return on equity and optimize the capital structure.
3. Capital reduction amount: NT$463,482,930
4. Shares to be cancelled: 46,348,293 shares
5. Capital reduction ratio: 30%
6. Capital after reduction: NT$1,081,460,180
7. Scheduled date of shareholder meeting: 115/06/17 (June 17, 2026)
8. Number of listed common shares expected after capital reduction and new share listing: 108,146,018
9. Ratio of listed common shares after capital reduction and new share listing to total issued common shares (listed common shares after reduction / total issued common shares after reduction): 100%
10. For cases where the number of listed common shares after capital reduction and new share listing (items 8 and 9) is less than 60 million shares and less than 25%, please explain countermeasures for low stock liquidity: Not applicable.
11. Capital reduction record date: After approval by the shareholder meeting and declaration of effectiveness to the competent authority, the board of directors will set the capital reduction record date and handle related matters.
12. Other matters that should be specified: The company's board of directors resolved on May 6, 2026, to proceed with a cash capital reduction to refund shares to shareholders, and held a major information press conference at the Taiwan Stock Exchange at 3:30 PM on the same day. The press release content is as follows:
(1) To improve shareholder return on equity and optimize the capital structure, Chin-Kung Enterprise Co., Ltd. (hereinafter referred to as "the Company") board of directors resolved to proceed with a cash capital reduction to refund shares to shareholders.
(2) The Company's current paid-in capital is NT$1,544,943,110. The cash capital reduction is NT$463,482,930, cancelling 46,348,293 common shares. The cash capital reduction ratio is 30%. The Company's authorized capital remains unchanged after the reduction, and the paid-in capital after reduction will be NT$1,081,460,180.
(3) For common shares, based on the shareholder register on the "record date for capital reduction and share exchange," shares held by each shareholder will be calculated separately. Every thousand shares will be exchanged for 700 new shares (i.e., 300 shares will be cancelled per thousand shares), and NT$3 per share will be refunded in cash. Fractional shares less than one share after the reduction may be combined and registered with the Company's stock transfer agent from five days before the book closure date for capital reduction and share exchange until one day before the book closure date. For fractional shares not combined or still less than one share after combination, the Company will pay cash at par value (rounded to the nearest NT dollar). Fractional shares less than one share are authorized to be purchased by specific persons at par value by the chairman.
(4) This proposal, after approval by the shareholder meeting and declaration of effectiveness to the competent authority, authorizes the board of directors to set the capital reduction record date and handle related matters.
(5) The shares reissued after this cash capital reduction will all be issued physically-free, with the same rights and obligations as the originally issued shares.
(6) If, prior to the record date for this cash capital reduction, changes are approved by the competent authority or laws change, or if other factors such as legal reasons cause changes in the Company's outstanding shares and require adjustment of the capital reduction ratio and the per-share refund amount, the shareholder meeting will be asked to authorize the board of directors to handle it with full authority.
(7) This proposal has been reviewed and approved by the Audit Committee on May 6, 2026, and submitted to the board of directors for discussion and resolution.
2. Reason for capital reduction: To improve shareholder return on equity and optimize the capital structure.
3. Capital reduction amount: NT$463,482,930
4. Shares to be cancelled: 46,348,293 shares
5. Capital reduction ratio: 30%
6. Capital after reduction: NT$1,081,460,180
7. Scheduled date of shareholder meeting: 115/06/17 (June 17, 2026)
8. Number of listed common shares expected after capital reduction and new share listing: 108,146,018
9. Ratio of listed common shares after capital reduction and new share listing to total issued common shares (listed common shares after reduction / total issued common shares after reduction): 100%
10. For cases where the number of listed common shares after capital reduction and new share listing (items 8 and 9) is less than 60 million shares and less than 25%, please explain countermeasures for low stock liquidity: Not applicable.
11. Capital reduction record date: After approval by the shareholder meeting and declaration of effectiveness to the competent authority, the board of directors will set the capital reduction record date and handle related matters.
12. Other matters that should be specified: The company's board of directors resolved on May 6, 2026, to proceed with a cash capital reduction to refund shares to shareholders, and held a major information press conference at the Taiwan Stock Exchange at 3:30 PM on the same day. The press release content is as follows:
(1) To improve shareholder return on equity and optimize the capital structure, Chin-Kung Enterprise Co., Ltd. (hereinafter referred to as "the Company") board of directors resolved to proceed with a cash capital reduction to refund shares to shareholders.
(2) The Company's current paid-in capital is NT$1,544,943,110. The cash capital reduction is NT$463,482,930, cancelling 46,348,293 common shares. The cash capital reduction ratio is 30%. The Company's authorized capital remains unchanged after the reduction, and the paid-in capital after reduction will be NT$1,081,460,180.
(3) For common shares, based on the shareholder register on the "record date for capital reduction and share exchange," shares held by each shareholder will be calculated separately. Every thousand shares will be exchanged for 700 new shares (i.e., 300 shares will be cancelled per thousand shares), and NT$3 per share will be refunded in cash. Fractional shares less than one share after the reduction may be combined and registered with the Company's stock transfer agent from five days before the book closure date for capital reduction and share exchange until one day before the book closure date. For fractional shares not combined or still less than one share after combination, the Company will pay cash at par value (rounded to the nearest NT dollar). Fractional shares less than one share are authorized to be purchased by specific persons at par value by the chairman.
(4) This proposal, after approval by the shareholder meeting and declaration of effectiveness to the competent authority, authorizes the board of directors to set the capital reduction record date and handle related matters.
(5) The shares reissued after this cash capital reduction will all be issued physically-free, with the same rights and obligations as the originally issued shares.
(6) If, prior to the record date for this cash capital reduction, changes are approved by the competent authority or laws change, or if other factors such as legal reasons cause changes in the Company's outstanding shares and require adjustment of the capital reduction ratio and the per-share refund amount, the shareholder meeting will be asked to authorize the board of directors to handle it with full authority.
(7) This proposal has been reviewed and approved by the Audit Committee on May 6, 2026, and submitted to the board of directors for discussion and resolution.