Notice to Creditors for the Capital Reduction by
returning share capital in cash.
Date of events
2022/06/27
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/06/27
2.Company name:Hocheng Corporation
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):Head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
The proposal for the capital reduction was already approved in the 2022
Annual General Shareholders' Meeting held on June 27, 2022.
6.Countermeasures:
(1)The Annual General Shareholders' Meeting approved the Capital Reduction
to adjust the Company's capital structure.
(2)It is approved by the annual general shareholders' meeting to reduce
NT$665,736,500 and cancel 66,573,650 shares correspondingly.
The total amount of shares issued by the Company is 369,853,610 shares
on May 10, 2022, according to the aforesaid amount, the capital is
estimated to be reduced by 18% to 303,279,960 shares total shall be
issued; however, the paid-in capital after capital reduction and the
capital reduction ratio shall be calculated based on the total issued
shares on the record date for capital reduction and stock conversion.
(3)The Chairman of the Board of the Company is authorized to set the
record date for cash reduction and the record date for cash reduction
and stock conversion separately and to deal with the relevant matters.
(4)If the creditors of the Company have objections to the capital
reduction, please express their objections to the Company with written
evidences of their own credit in question during the period from June 27,
2022 to July 28, 2022, and those who fail to express within the time
limit shall be deemed to have no objections.
(5)The Notice is made according to the Articles 281 and Article
73 and Article 74 of the Company Act.
7.Any other matters that need to be specified:None.
Attachments
Original Link
Original Document
Permalink
Disclaimer
HOCHENG Corporation published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 11:13:51 UTC.
HOCHENG CORPORATION is a Taiwan-based company principally engaged in the manufacture, processing and sales of bathroom and kitchen accessories. The Companyâs products include hygiene porcelains, water supply copper wares, bathtubs and table boards, toilet covers, kitchenware and ceramic plates, among others. Its hygiene porcelains include toilets, water tanks, washbasins, sewage basins and urine buckets. Its water supply copper wares include taps, makeup mirrors and automotive equipment. The Company operates through four segments. Bathroom Accessories segment manufactures and trades bathroom and kitchen accessories and water supply copper wares. Investment segment invests in production, securities, construction and tourism businesses. China segment manufactures hygiene equipment, metal components and decoration ceramics. Philippines segment manufactures and sells water supply wares.
HOCHENG CORPORATION 
