Hon Hai (2317) Announces Board Resolution for In-Kind Capital Reduction at Important Subsidiary Foxconn (Far East) Limited - Cayman
Hon Hai (2317) has announced that its important subsidiary, Foxconn (Far East) Limited - Cayman, will implement an in-kind capital reduction to repay capital. The reduction amount is approximately 11.59 million USD.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 06:31
- 🔍 Collected: May 22, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 22, 2026 at 07:48 (1h 16m after Collected)
Reporting Date: May 22, 2026
Announcement Date: May 21, 2026
Announcement Time: 17:35:32
Company Code: 2317
Company Name: Hon Hai
Subject: Announcement on behalf of important subsidiary Foxconn (Far East) Limited - Cayman regarding the board's resolution for in-kind capital reduction.
Compliance Clause: Article 11
Date of Event: May 21, 2026
Explanation:
1. Date of board resolution: May 21, 2026
2. Reason for capital reduction: In-kind capital reduction to repay share capital
3. Capital reduction amount: 11,592,662 USD
4. Shares to be eliminated: 11,592,662 shares
5. Capital reduction ratio: 0.22%
6. Paid-in capital after reduction: 5,163,398,120 USD
7. Scheduled date of shareholders' meeting: May 21, 2026
8. Expected number of listed ordinary shares after the new shares are listed: Not applicable
9. Expected ratio of listed ordinary shares to issued ordinary shares after reduction: Not applicable
10. If the number of listed ordinary shares is less than 60 million and less than 25%, please explain measures for low equity liquidity: Not applicable
11. Base date for capital reduction: Not applicable
12. Other information: None
Announcement Date: May 21, 2026
Announcement Time: 17:35:32
Company Code: 2317
Company Name: Hon Hai
Subject: Announcement on behalf of important subsidiary Foxconn (Far East) Limited - Cayman regarding the board's resolution for in-kind capital reduction.
Compliance Clause: Article 11
Date of Event: May 21, 2026
Explanation:
1. Date of board resolution: May 21, 2026
2. Reason for capital reduction: In-kind capital reduction to repay share capital
3. Capital reduction amount: 11,592,662 USD
4. Shares to be eliminated: 11,592,662 shares
5. Capital reduction ratio: 0.22%
6. Paid-in capital after reduction: 5,163,398,120 USD
7. Scheduled date of shareholders' meeting: May 21, 2026
8. Expected number of listed ordinary shares after the new shares are listed: Not applicable
9. Expected ratio of listed ordinary shares to issued ordinary shares after reduction: Not applicable
10. If the number of listed ordinary shares is less than 60 million and less than 25%, please explain measures for low equity liquidity: Not applicable
11. Base date for capital reduction: Not applicable
12. Other information: None
FAQ
Does this capital reduction affect Hon Hai shareholders?
This is a minor capital reduction at the subsidiary level and does not have a direct, material negative impact on Hon Hai's overall business operations.
What is an in-kind capital reduction?
It is a method of capital reduction where assets or securities are distributed to shareholders instead of cash.
Why is this subsidiary reducing its capital?
The stated reason is the 'repayment of share capital,' aimed at reorganizing intra-group funds.