• Investor Relations
    Airtac International Group
  • Product Search
  • Issuance of new shares for capital increase
  • Source: Submit Time:2013-03-06 Click Throughs: 376 Times
  • A A A
  • Company code: 1590
    No: 2
    Subject: Issuance of new shares for capital increase to which item it meets--article 2 paragraph xx:11
    Date of events: 2013/03/05
    Contents: 1.Date of the board of directors resolution:2013/03/05
    2.Source of capital increase funds: Raise issue
    3.Number of shares issued: 10,000,000
    4.Par value per share: NTD10
    5.Total monetary amount of the issue: Depands on the price of raise issue
    6.Issue price: After Shareholders authorize the chairman to set issue price with the underwriters
    7.Number of shares subscribed by or allotted to employees:
    Under Article 267 of the Company Act, 10% to 15% of the newly issued shares for increasing capital are to be subscribed by employees of the Company.
    8.Number of shares publicly sold:
    Under Article 267 of the Company Act, 10% to 15% of the newly issued shares for increasing capital are to be subscribed by employees of the Company. Other newly issued shares are Under the Article 28-1 of the Securities and Exchange Act.
    9.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:
    Under the Article 28-1 of the Securities and Exchange Act.
    10.Method of handling fractional shares and shares unsubscribed by the deadline:
    The shareholders can compose a complete share from stock dividends less than one share, and register the composition with the Securities Registrar and Transfer Agency within five days from the record date. Subscription of shares less than one share or less than the original shareholders to subscribe for employees and authorized Chairman contact specific people subscribed at the issue price.
    11.Rights and obligations of the newly issued shares:
    The rights and obligations of the newly issued shares are the same with those of the original shares.
    12.Utilization of the funds from the capital increase:
    To increase production capacity, working capital and repay of bank borrowings or in response to long-term development needs, etc.
    13.Any other matters that need to be specified:
    After the issuance case approved by competent authority, the Board will be authorized issue new shares and related matters.