HY Electronic Cayman : The subsidiary Taiwan GPP Inc., announces the board of directors decided to change the Company's business model and reduce capital to make up for losses
The subsidiary Taiwan GPP Inc., announces the
board of directors decided to change the Company's
business model and reduce capital to make up for losses
Date of events
2022/04/15
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/04/15
2.Reason for capital reduction:In order to avoid the expansion of losses, it
is planned to change the Company's business model and no longer engage in
matters related to production operations.
3.Amount of capital reduction:Matters related to capital reduction will be
announced separately after the board meeting is scheduled to be held.
4.Cancelled shares:Matters related to capital reduction will be announced
separately after the board meeting is scheduled to be held.
5.Capital reduction percentage:Matters related to capital reduction will be
announced separately after the board meeting is scheduled to be held.
6.Share capital after capital reduction:Matters related to capital reduction
will be announced separately after the board meeting is scheduled to be held
7.Scheduled date of the shareholders meeting:Matters related to capital
reduction will be announced separately after the board meeting is scheduled
to be held.
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:NA
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:NA
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%:NA
11.The record date for capital reduction:Matters related to capital reduction
will be announced separately after the board meeting is scheduled to be held
12.Any other matters that need to be specified:Current strategy regards to
business model change and factory suspension plan, will be fully authorize
to the chairman for follow-up legal operations; it is expected to hold a
press conference at the Taiwan Stock Exchange Co., Ltd. at 6:00 p.m. on
2022/04/15.
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HY Electronic (Cayman) Ltd. published this content on 15 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2022 10:09:04 UTC.
HY Electronic (Cayman) Limited is a Cayman Islands-based company engaged in the design, development, manufacture, and sale of power discrete semiconductors. The Companyâs product categories include Diode, Bridge Rectifier, Protection Device, Automotive Device, press fit, MosFETs, Small Signal Diode, and Power Management. Its diode products include High Efficiency and Ultra-Fast Recovery Diode, Superfast Recovery Rectifiers, Schottky Rectifiers, Low VF Schottky Barrier Diode, High Voltage Glass Passivated Rectifiers, and Silicon Carbide Schottky Diodes, among others. Its bridge rectifier products include Standard Bridge Rectifiers, Low VF Bridge Rectifiers, Fast Recovery Bridge Rectifiers, Three-Phase Bridge Rectifiers, and Schottky Barrier Bridge Rectifiers. Its protection device products include Transient Voltage Suppressors Diode (TVS), Zener Diode, and Electrical Static Discharge Guard. Its small signal diode products include switching diodes, transistors, MOsFET, and others.
HY Electronic Cayman : The subsidiary Taiwan GPP Inc., announces the board of directors decided to change the Company's business model and reduce capital to make up for losses
HY ELECTRONIC (CAYMAN) LIMITED 
