Cooperative Bank of Taiwan Resolves to Increase Capital by Issuing New Shares from Retained Earnings
The Cooperative Bank of Taiwan (COTB) announced its board of directors' resolution to increase capital by issuing new shares from its 2025 retained earnings. The capital increase will amount to NT$6,802,643,300, equivalent to 680,264,330 shares. This move aims to enhance capital structure and profitability to meet the Tier 1 capital requirements of the new Basel III accord. Shareholders will receive 70 bonus shares for every 1,000 shares held.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 09:00
- 🔍 Collected: April 16, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 16, 2026 at 08:18 (18 min after Collected)
1. Board of Directors' resolution date: April 15, 2026. 2. Source of capital increase: Distributable retained earnings for fiscal year 2025. 4. Total issue amount and number of shares: NT$6,802,643,300 and 680,264,330 shares. 7. Par value per share: NT$10. 11. Allocation ratio for existing shareholders: 70 shares issued for every 1,000 shares held. 12. Handling of fractional shares and un-subscribed shares: Fractional shares less than one share may be consolidated by shareholders within 5 days from the ex-dividend base date at the company's stock agency. Fractional shares that cannot be consolidated will be converted into cash (rounded down to the nearest dollar). Un-consolidated accumulated fractional shares may be subscribed by specific individuals at par value as authorized by the Chairman. 13. Rights and obligations of new shares: Same as existing shares. 14. Purpose of capital increase: To supplement capital structure and enhance profitability, in response to the requirements of the new Basel Accord (Basel III) for additional common equity Tier 1 capital.