Xianglin Announces Board Resolution to Redeem Privately Placed Class A Preferred Shares and Reduce Capital through Share Cancellation
Xianglin Construction's board resolved to repurchase privately placed Class A preferred shares and conduct a capital reduction. This will decrease capital by NT$1 billion and cancel 100 million shares. The capital reduction ratio is 9.28%, aiming to optimize the financial structure.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 09:05 (1h 5m after Collected)
1. Date of board resolution: 2026/05/07
2. Reason for capital reduction: In accordance with Article 158 of the Company Act, Article 5, Paragraph 2, Item 8 of the company's articles of incorporation, and the regulations for issuing these preferred shares, the company may, starting from the day following one year from the issue date, repurchase all or part of the preferred shares at the issue price and in accordance with relevant issuance regulations, either through cash redemption or other legally permissible methods.
3. Capital reduction amount: NT$1,000,000,000.
4. Shares to be cancelled: 100,000,000 shares.
5. Capital reduction ratio: 9.28%.
6. Capital after reduction: NT$9,775,892,450.
7. Scheduled date of shareholder meeting: Not applicable.
8. Number of common shares to be listed after capital reduction: Not applicable.
9. Ratio of common shares to be listed after capital reduction to outstanding common shares (number of listed common shares after capital reduction / number of outstanding common shares after capital reduction): Not applicable.
10. If the number of listed common shares after capital reduction in the preceding two items is less than 60 million shares and less than 25%, please explain measures to address low share liquidity: Not applicable.
11. Capital reduction record date: The chairman is authorized to set the capital reduction record date and related operational matters.
12. Other matters that should be specified:
This board resolution decided to repurchase privately placed Class A preferred shares in installments at the original issue price. The chairman is authorized, within the total planned repurchase limit of 100,000,000 shares, to fully determine the capital reduction record date for each installment and the actual capital reduction amount, considering the company's financial condition and market environment, and to handle all related legal procedures such as capital reduction change registration and other outstanding matters.
2. Reason for capital reduction: In accordance with Article 158 of the Company Act, Article 5, Paragraph 2, Item 8 of the company's articles of incorporation, and the regulations for issuing these preferred shares, the company may, starting from the day following one year from the issue date, repurchase all or part of the preferred shares at the issue price and in accordance with relevant issuance regulations, either through cash redemption or other legally permissible methods.
3. Capital reduction amount: NT$1,000,000,000.
4. Shares to be cancelled: 100,000,000 shares.
5. Capital reduction ratio: 9.28%.
6. Capital after reduction: NT$9,775,892,450.
7. Scheduled date of shareholder meeting: Not applicable.
8. Number of common shares to be listed after capital reduction: Not applicable.
9. Ratio of common shares to be listed after capital reduction to outstanding common shares (number of listed common shares after capital reduction / number of outstanding common shares after capital reduction): Not applicable.
10. If the number of listed common shares after capital reduction in the preceding two items is less than 60 million shares and less than 25%, please explain measures to address low share liquidity: Not applicable.
11. Capital reduction record date: The chairman is authorized to set the capital reduction record date and related operational matters.
12. Other matters that should be specified:
This board resolution decided to repurchase privately placed Class A preferred shares in installments at the original issue price. The chairman is authorized, within the total planned repurchase limit of 100,000,000 shares, to fully determine the capital reduction record date for each installment and the actual capital reduction amount, considering the company's financial condition and market environment, and to handle all related legal procedures such as capital reduction change registration and other outstanding matters.