Lian Chang Electronics Resolves to Reduce Capital to Offset Accumulated Losses
Lian Chang Electronics Co., Ltd. resolved at its general shareholders' meeting on May 20 to implement a capital reduction to address accumulated losses.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 07:33 (1h 1m after Collected)
This announcement is addressed to creditors.
1. Date of occurrence: May 20, 2026
2. Company name: Lian Chang Electronics Co., Ltd.
3. Relationship with the company: The Company
4. Mutual shareholding ratio: Not applicable
5. Reason for the event: The Company's general shareholders' meeting resolved to implement a capital reduction to offset accumulated losses.
6. Countermeasures:
(1) Based on the resolution of the May 20, 2026, general shareholders' meeting, the Company will reduce its capital to offset accumulated losses. The capital will be reduced by TWD 302,125,780, and 30,212,578 shares will be cancelled. The capital reduction ratio is approximately 27.23644756%. After the capital reduction, the paid-in capital will be TWD 807,144,360, with a par value of TWD 10 per share and a total of 80,714,436 issued shares.
(2) Creditors who have objections to this capital reduction proposal should submit their objections in writing within 32 days from the day following the date of this announcement (from May 21, 2026, to June 22, 2026). If no objection is expressed within this period, it will be deemed as no objection.
7. Other matters: None
1. Date of occurrence: May 20, 2026
2. Company name: Lian Chang Electronics Co., Ltd.
3. Relationship with the company: The Company
4. Mutual shareholding ratio: Not applicable
5. Reason for the event: The Company's general shareholders' meeting resolved to implement a capital reduction to offset accumulated losses.
6. Countermeasures:
(1) Based on the resolution of the May 20, 2026, general shareholders' meeting, the Company will reduce its capital to offset accumulated losses. The capital will be reduced by TWD 302,125,780, and 30,212,578 shares will be cancelled. The capital reduction ratio is approximately 27.23644756%. After the capital reduction, the paid-in capital will be TWD 807,144,360, with a par value of TWD 10 per share and a total of 80,714,436 issued shares.
(2) Creditors who have objections to this capital reduction proposal should submit their objections in writing within 32 days from the day following the date of this announcement (from May 21, 2026, to June 22, 2026). If no objection is expressed within this period, it will be deemed as no objection.
7. Other matters: None
FAQ
Why is Lian Chang Electronics reducing its capital?
To offset accumulated losses and improve financial health.
When was the capital reduction decided?
It was approved at the shareholders' meeting on May 20, 2026.
What procedure should creditors follow?
Creditors must submit written objections within 32 days from the day following the announcement.