USI Corporation (1304) Sets May 21 as Reference Date for Subsidiary's Cash Capital Reduction
USI Corporation (1304) announced that its key subsidiary, Lien Chi International Investment, has set May 21 as the reference date for its cash capital reduction of 250 million TWD.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 06:31
- 🔍 Collected: May 20, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 20, 2026 at 06:52 (20 min after Collected)
Reporting Date: May 19, 2026
Company Code: 1304
Company Name: USI Corporation
Subject: Supplemental announcement regarding the reference date for cash capital reduction decided by the Board of Directors of key subsidiary Lien Chi International Investment Co., Ltd.
1. Date of Board of Directors resolution: May 19, 2026
2. Reference date for capital reduction: May 21, 2026
3. Plan for reissuance of shares following capital reduction: Not applicable
4. Reference date for reissuance of shares: NA
5. Start date of suspension of transfer: NA
6. End date of suspension of transfer: NA
7. Rights and obligations of new shares after capital reduction: Same as original issued shares
8. Expected listing date of new shares: NA
9. Expected number of listed common shares after capital reduction: Not applicable
10. Expected ratio of listed common shares to total issued shares after capital reduction: Not applicable
11. Countermeasures for low liquidity if listed shares are less than 60 million and below 25%: Not applicable
12. Other items to be stated: Supplemental to the announcement on March 12, 2026.
Capital reduction amount: 250,000,000 TWD
Shares to be eliminated: 25,000,000 shares
Capital reduction ratio: 2.7223487725%
Capital after reduction: 8,933,246,560 TWD
Company Code: 1304
Company Name: USI Corporation
Subject: Supplemental announcement regarding the reference date for cash capital reduction decided by the Board of Directors of key subsidiary Lien Chi International Investment Co., Ltd.
1. Date of Board of Directors resolution: May 19, 2026
2. Reference date for capital reduction: May 21, 2026
3. Plan for reissuance of shares following capital reduction: Not applicable
4. Reference date for reissuance of shares: NA
5. Start date of suspension of transfer: NA
6. End date of suspension of transfer: NA
7. Rights and obligations of new shares after capital reduction: Same as original issued shares
8. Expected listing date of new shares: NA
9. Expected number of listed common shares after capital reduction: Not applicable
10. Expected ratio of listed common shares to total issued shares after capital reduction: Not applicable
11. Countermeasures for low liquidity if listed shares are less than 60 million and below 25%: Not applicable
12. Other items to be stated: Supplemental to the announcement on March 12, 2026.
Capital reduction amount: 250,000,000 TWD
Shares to be eliminated: 25,000,000 shares
Capital reduction ratio: 2.7223487725%
Capital after reduction: 8,933,246,560 TWD
FAQ
What is the purpose of the subsidiary's capital reduction?
It is part of a financial strategy to optimize capital structure and improve capital efficiency.
When will the capital reduction process be completed?
The reference date is May 21, and the process will be completed subsequently.
Will this impact individual investors?
This is a change in the capital structure at the subsidiary level, with minimal direct impact on the parent company's financial performance.