【Hua Xin】Announcement: Board of Directors Resolves to Cash Capital Increase for Subsidiary Concord Industries Limited
Hua Xin announced that its Board of Directors resolved a cash capital increase for its subsidiary, Concord Industries Limited. The issuance involves 20 million shares at USD 1 per share, totaling USD 20 million, which will be used for capital expenditures.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 09:24 (1h 24m after Collected)
1. Name and nature of the target (for preferred shares, the agreed terms of issuance such as dividend rate should also be specified): Shares of Concord Industries Limited
2. Date of occurrence of the event: 2026/5/8~2026/5/8
3. Date of board of directors resolution: May 8, 2026
4. Other approval dates: Not applicable
5. Transaction quantity, unit price, and total transaction amount:
(1) Transaction quantity: 20,000,000 shares
(2) Unit price: USD 1 per share
(3) Total transaction price: USD 20,000 thousand
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, their name may be omitted):
(1) Counterparty: Concord Industries Limited
(2) Relationship with the company: Concord Industries Limited is a 100% directly held 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 date of previous transfer, and the transfer amount should also be announced:
Not applicable (cash capital increase)
8. If the owner of the transaction target has been a related party of the company within the past five years, the date and price of the related party's acquisition and disposal, and the relationship with the company at the time of the transaction should also be announced:
Not applicable
9. Matters related to the disposal of claims (including the type of collateral attached to the disposed claims, and if the disposed claims belong to claims against a related party, the name of the related party and the book value of the disposed claims against that related party should also be announced):
Not applicable
10. Disposal profit (or loss) (not applicable for acquisition of securities) (if deferred, a list explaining the recognition status should be provided):
Not applicable
11. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreed matters:
(1) Delivery or payment terms: Payment shall be made after approval by the Investment Commission of the Ministry of Economic Affairs.
(2) Contractual restrictions and other important agreed matters: None
12. Method of determining this transaction, reference basis for price determination, and decision-making unit:
(1) Transaction determination method and price reference basis: Cash capital increase
(2) Decision-making unit: Board of Directors
13. Net value per share of the acquired or disposed securities target company: NTD 5.17
14. As of now, the number, amount, shareholding ratio, and restrictions on rights (such as pledges) of cumulative holdings of these transaction securities (including this transaction):
(1) Quantity: 366,498,375 shares
(2) Amount: NTD 1,960,728 thousand
(3) Shareholding ratio: 100%
(4) Restrictions on rights: None
15. As of now, the proportion of investment in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the company's most recent financial report's total assets and equity attributable to owners of the parent, and the working capital amount in the most recent financial report (Note 2):
(1) Proportion to total assets: 76.30%
(2) Proportion to shareholders' equity: 102.36%
(3) Working capital amount: NTD 1,858,227 thousand
16. Broker and brokerage fees: None
17. Specific purpose or use of acquisition or disposal: Capital expenditure
18. Opinions of dissenting directors on this transaction: None
19. This transaction is a related party transaction: Yes
20. Date of supervisor approval or audit committee consent: April 30, 2026
21. Accountant issued an unreasonable opinion on this transaction: Not applicable
22. Name of accounting firm: Not applicable
23. Name of accountant: Not applicable
24. Accountant's practice certificate number: Not applicable
25. Does it involve a change in operating model: No
26. Explanation of operating model change: Not applicable
27. Transaction status with the counterparty in the past year and expected next year: Not applicable
28. Source of funds: Not applicable
29. Date of previously issued major announcement regarding the same event: Not applicable
30. Other matters to be specified: None
Keywords: Major Announcement
2. Date of occurrence of the event: 2026/5/8~2026/5/8
3. Date of board of directors resolution: May 8, 2026
4. Other approval dates: Not applicable
5. Transaction quantity, unit price, and total transaction amount:
(1) Transaction quantity: 20,000,000 shares
(2) Unit price: USD 1 per share
(3) Total transaction price: USD 20,000 thousand
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, their name may be omitted):
(1) Counterparty: Concord Industries Limited
(2) Relationship with the company: Concord Industries Limited is a 100% directly held 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 date of previous transfer, and the transfer amount should also be announced:
Not applicable (cash capital increase)
8. If the owner of the transaction target has been a related party of the company within the past five years, the date and price of the related party's acquisition and disposal, and the relationship with the company at the time of the transaction should also be announced:
Not applicable
9. Matters related to the disposal of claims (including the type of collateral attached to the disposed claims, and if the disposed claims belong to claims against a related party, the name of the related party and the book value of the disposed claims against that related party should also be announced):
Not applicable
10. Disposal profit (or loss) (not applicable for acquisition of securities) (if deferred, a list explaining the recognition status should be provided):
Not applicable
11. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreed matters:
(1) Delivery or payment terms: Payment shall be made after approval by the Investment Commission of the Ministry of Economic Affairs.
(2) Contractual restrictions and other important agreed matters: None
12. Method of determining this transaction, reference basis for price determination, and decision-making unit:
(1) Transaction determination method and price reference basis: Cash capital increase
(2) Decision-making unit: Board of Directors
13. Net value per share of the acquired or disposed securities target company: NTD 5.17
14. As of now, the number, amount, shareholding ratio, and restrictions on rights (such as pledges) of cumulative holdings of these transaction securities (including this transaction):
(1) Quantity: 366,498,375 shares
(2) Amount: NTD 1,960,728 thousand
(3) Shareholding ratio: 100%
(4) Restrictions on rights: None
15. As of now, the proportion of investment in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the company's most recent financial report's total assets and equity attributable to owners of the parent, and the working capital amount in the most recent financial report (Note 2):
(1) Proportion to total assets: 76.30%
(2) Proportion to shareholders' equity: 102.36%
(3) Working capital amount: NTD 1,858,227 thousand
16. Broker and brokerage fees: None
17. Specific purpose or use of acquisition or disposal: Capital expenditure
18. Opinions of dissenting directors on this transaction: None
19. This transaction is a related party transaction: Yes
20. Date of supervisor approval or audit committee consent: April 30, 2026
21. Accountant issued an unreasonable opinion on this transaction: Not applicable
22. Name of accounting firm: Not applicable
23. Name of accountant: Not applicable
24. Accountant's practice certificate number: Not applicable
25. Does it involve a change in operating model: No
26. Explanation of operating model change: Not applicable
27. Transaction status with the counterparty in the past year and expected next year: Not applicable
28. Source of funds: Not applicable
29. Date of previously issued major announcement regarding the same event: Not applicable
30. Other matters to be specified: None
Keywords: Major Announcement