Avision Updates Capital Reduction and Share Swap Plan to Improve Financial Structure, Details Fractional Share Handling
Avision Inc. (2380) has updated its capital reduction and share exchange plan to improve its financial structure and offset accumulated losses. The company will reduce its capital by NT$1,569,340,840, with a reduction ratio of approximately 72.34%. New shares are scheduled to be listed on June 29, 2026, and the plan details the share exchange ratio and handling of fractional shares.
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- 📰 Published: May 19, 2026 at 06:31
- 🔍 Collected: May 19, 2026 at 06:31 (0 min after Published)
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Publication Date: 2026/05/19 Date of Statement: 2026/05/18 Time of Statement: 17:38:55 Company Code: 2380 Company Name: Avision Subject: Updated announcement of the company's capital reduction and share exchange plan (regarding fractional share handling). Applicable Regulation: Article 11 Date of Occurrence: 2026/05/18 Explanation: 1. Board of Directors Resolution Date: NA. 2. Capital Reduction Record Date: 2026/03/09. 3. Capital Reduction and Share Exchange Plan: To improve the financial structure and offset accumulated losses, the company will reduce its capital by NT$1,569,340,840, canceling 156,934,084 shares. The post-reduction capital will be NT$600,000,000. The capital reduction ratio is approximately 72.34%, with every 1,000 old shares being exchanged for 276.58171 new shares. Fractional shares will be paid in cash. 4. Share Exchange Record Date: 2026/06/26. 5. Trading Suspension: Old shares will be suspended from trading from 2026/06/17 to 2026/06/26. 6. New Share Listing Date: 2026/06/29. 7. Exchange Procedure: Shareholders should complete the procedure at the company's stock transfer agent, SinoPac Securities. 8. Other: This plan will be implemented after approval from the Taiwan Stock Exchange.