- Home
- Corporate Governance
- News & Events
- Material Information
- On behalf of the subsidiary to announce the resolution of the capital reduction
2023-08-04
Back to list
On behalf of the subsidiary to announce the resolution of the capital reduction
Subject：On behalf of the subsidiary to announce the resolution of the capital reduction
To which item it meets：paragraph 11
Date of events： 2023/8/4
Statement：
1.Date of the board of directors resolution:2023/08/04
2.Reason for capital reduction:In line with the group's capital planning, Jiu Xin Estate (Wuxi) Limited, a 100% indirectly held subsidiary of the company, intends to reduce share capital.
3.Amount of capital reduction:US$60,000 thousand
4.Cancelled shares:Not applicable 5.Capital reduction percentage:28.99% 6.Share capital after capital reduction:US$147,000 thousand
7.Scheduled date of the shareholders meeting:2023/08/04
8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:Not applicable
9.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:Not applicable
10.Please explain any countermeasures for lower circulation in shareholding if the aforesaid estimated no.of listed common shares upon capital reduction does not reach 60 million and the percentage does not reach 25%:Not applicable
11.The record date for capital reduction:Not applicable 12.Any other matters that need to be specified:none.
To which item it meets：paragraph 11
Date of events： 2023/8/4
Statement：
1.Date of the board of directors resolution:2023/08/04
2.Reason for capital reduction:In line with the group's capital planning, Jiu Xin Estate (Wuxi) Limited, a 100% indirectly held subsidiary of the company, intends to reduce share capital.
3.Amount of capital reduction:US$60,000 thousand
4.Cancelled shares:Not applicable 5.Capital reduction percentage:28.99% 6.Share capital after capital reduction:US$147,000 thousand
7.Scheduled date of the shareholders meeting:2023/08/04
8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:Not applicable
9.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:Not applicable
10.Please explain any countermeasures for lower circulation in shareholding if the aforesaid estimated no.of listed common shares upon capital reduction does not reach 60 million and the percentage does not reach 25%:Not applicable
11.The record date for capital reduction:Not applicable 12.Any other matters that need to be specified:none.