King Slide Tech (1563) Announces Creditor Notice Regarding Cash Capital Reduction
King Slide Tech's shareholders approved a cash capital reduction plan. Creditors are invited to submit objections if any.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 06:43 (12 min after Collected)
Announcement Date: 1150521
Statement Date: 1150520
Statement Time: 183337
Company Code: 1563
Company Name: King Slide Tech
Subject: Creditor Notice Regarding the Company's Cash Capital Reduction
Compliance Clause: 51
Event Date: 115/05/20
Company Name: King Slide Tech Industrial Co., Ltd.
1. Event Date: 115/05/20
2. Company Name: King Slide Tech Industrial Co., Ltd.
3. Relationship with the Company: The Company itself
4. Mutual Holding Ratio: Not applicable
5. Reason for Event: The Company's general shareholders' meeting for the year 115 passed the resolution for a cash capital reduction.
6. Response Measures:
(1) The Company's general shareholders' meeting on May 20, 115, approved the cash capital reduction to return funds to shareholders.
The cash capital reduction amount is 564,020,350 TWD, canceling 56,402,035 shares.
The paid-in capital after the reduction will be 1,692,061,050 TWD, and the total shares outstanding will be 169,206,105.
(2) Upon declaration of effectiveness with the competent authorities, the Chairman is authorized to separately set the capital reduction record date and the record date for stock replacement.
(3) The Company proceeds in accordance with Article 281, applying Article 73 and Article 74 of the Company Act.
(4) Creditors with objections to this cash capital reduction proposal should submit their objections in writing to the Company between 115/05/20 and 115/06/20. Failure to submit within this period will be deemed as no objection.
7. Other Matters: None
Statement Date: 1150520
Statement Time: 183337
Company Code: 1563
Company Name: King Slide Tech
Subject: Creditor Notice Regarding the Company's Cash Capital Reduction
Compliance Clause: 51
Event Date: 115/05/20
Company Name: King Slide Tech Industrial Co., Ltd.
1. Event Date: 115/05/20
2. Company Name: King Slide Tech Industrial Co., Ltd.
3. Relationship with the Company: The Company itself
4. Mutual Holding Ratio: Not applicable
5. Reason for Event: The Company's general shareholders' meeting for the year 115 passed the resolution for a cash capital reduction.
6. Response Measures:
(1) The Company's general shareholders' meeting on May 20, 115, approved the cash capital reduction to return funds to shareholders.
The cash capital reduction amount is 564,020,350 TWD, canceling 56,402,035 shares.
The paid-in capital after the reduction will be 1,692,061,050 TWD, and the total shares outstanding will be 169,206,105.
(2) Upon declaration of effectiveness with the competent authorities, the Chairman is authorized to separately set the capital reduction record date and the record date for stock replacement.
(3) The Company proceeds in accordance with Article 281, applying Article 73 and Article 74 of the Company Act.
(4) Creditors with objections to this cash capital reduction proposal should submit their objections in writing to the Company between 115/05/20 and 115/06/20. Failure to submit within this period will be deemed as no objection.
7. Other Matters: None
FAQ
What is cash capital reduction?
A method where a company reduces its capital by returning excess funds to shareholders.
Does this affect creditors?
Creditors may submit objections during the announcement period; otherwise, they are considered to have no objections.
What are the next steps?
After regulatory approval, the record date for capital reduction will be set.