Announcement of Cash Reduction by Subsidiary
Key facts
- Announcement of Cash Reduction by Subsidiary
- Ming Yi (3060) announced that its subsidiary, SYNERGY TECHNOLOGY INDUSTRIAL CO., LTD., will carry out a cash reduction of USD 2,000,000 to optimize capital structure and improve fund utilization.
- Source: PR Times
- Date: June 27, 2026
Direct answer
Ming Yi (3060) announced that its subsidiary, SYNERGY TECHNOLOGY INDUSTRIAL CO., LTD., will carry out a cash reduction of USD 2,000,000 to optimize capital structure and improve fund utilization.
- Citation
- Announcement of Cash Reduction by Subsidiary (June 27, 2026), PR Times
- Source
- PR Times
- Date
- June 27, 2026
Ming Yi (3060) announced that its subsidiary, SYNERGY TECHNOLOGY INDUSTRIAL CO., LTD., will carry out a cash reduction of USD 2,000,000 to optimize capital structure and improve fund utilization.
📋 Article Processing Timeline
- 📰 Published: June 27, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 19:03 (10h 3m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 19:05 (2 min after Collected)
Release Date: June 27, 2026
Statement Date: June 26, 2026
Statement Time: 17:06
Company Code: 3060
Company Name: Ming Yi
Subject: Announcement on behalf of subsidiary SYNERGY TECHNOLOGY INDUSTRIAL CO., LTD. regarding cash reduction and return of capital
Applicable Clause: Item 11
Factual Date: June 26, 2026
1. Board Resolution Date: June 26, 2026
2. Reason for Reduction: To properly utilize funds and adjust capital structure, cash reduction and return of capital to shareholders will be conducted
3. Amount of Reduction: USD 2,000,000
4. Shares to be Eliminated: 2,000,000 shares
5. Reduction Ratio: 9.07%
6. Capital After Reduction: USD 20,056,508
7. Scheduled Shareholders' Meeting Date: Not applicable
8. Expected Number of Listed Common Shares After Reduction: Not applicable
9. Ratio of Listed Common Shares to Total Issued Shares After Reduction: Not applicable
10. Measures for Low Liquidity if Post-Reduction Listed Shares Below 60 Million or 25%: Not applicable
11. Reduction Benchmark Date: June 26, 2026
12. Other Matters to be Disclosed: None
Statement Date: June 26, 2026
Statement Time: 17:06
Company Code: 3060
Company Name: Ming Yi
Subject: Announcement on behalf of subsidiary SYNERGY TECHNOLOGY INDUSTRIAL CO., LTD. regarding cash reduction and return of capital
Applicable Clause: Item 11
Factual Date: June 26, 2026
1. Board Resolution Date: June 26, 2026
2. Reason for Reduction: To properly utilize funds and adjust capital structure, cash reduction and return of capital to shareholders will be conducted
3. Amount of Reduction: USD 2,000,000
4. Shares to be Eliminated: 2,000,000 shares
5. Reduction Ratio: 9.07%
6. Capital After Reduction: USD 20,056,508
7. Scheduled Shareholders' Meeting Date: Not applicable
8. Expected Number of Listed Common Shares After Reduction: Not applicable
9. Ratio of Listed Common Shares to Total Issued Shares After Reduction: Not applicable
10. Measures for Low Liquidity if Post-Reduction Listed Shares Below 60 Million or 25%: Not applicable
11. Reduction Benchmark Date: June 26, 2026
12. Other Matters to be Disclosed: None
FAQ
What is capital reduction?
A financial measure to cancel issued shares and return capital, aiming to improve operational efficiency.
How does capital reduction affect stock price?
It reduces outstanding shares, potentially increasing per-share value in theory.
Why conduct capital reduction at the subsidiary level?
To reallocate excess capital from the subsidiary back to the parent or for future strategic investments.