SEQ_NO | 1 | Date of announcement | 2011/03/22 | Time of announcement | 17:58:18 |
Subject |
The BOD of Far Eastern New Century Co.'s resolution for capital increase. |
||||
Date of events | 2011/03/22 | To which item it meets | article 2 paragraph 11 | ||
Statement |
1.Date of the board of directors resolution:2011/03/22 2.Source of capital increase funds:unappropriated earnings 3.Number of shares issued:142,637,399 shares 4.Par value per share:NT$10 5.Total monetary amount of the issue:NT$1,426,373,990 6.Issue price:NA 7.Number of shares subscribed by or allotted to employees:NA 8.Number of shares publicly sold:NA 9.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders: Each shareholder will be entitled to receive a stock dividend of 30 shares for each 1,000 shares held by such shareholder. 10.Method of handling fractional shares and shares unsubscribed by the deadline: If the stock dividends include any fractional shares which are less than one full share, the fractional shares will be made in the form of cash according to the article 240 of Company Law. Such fractional shares will be purchased by the Employee Shareholding Trust Fund of the Company. 11.Rights and obligations of the newly issued shares:Same as existing shares 12.Utilization of the funds from the capital increase: To strengthen the capital structure of the Company. 13.Any other matters that need to be specified:NIL |