Lumax International : Announces 10% Capital Reduction
March 28, 2017 at 04:00 am
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Taipei, Taiwan, March 24, 2017-Lumax (6192.tw) announced today that it would conduct a capital reduction of approximate NT$ 118,710,830 with the cancellation of 11,871,083 outstanding shares, following a resolution passed at a meeting of the Board of Directors held today. Shareholders will receive NT$ 1 for each of their shares held.
Upon completion of the capital reduction, the outstanding capital of the company will be about NT$ 1,068 million, with the exact exchange ratio for shares and the amount of the capital reduction to be set on the record date for capital reduction after the approval by the authority and the Annual General Shareholders Meeting.
Lumax International Corp. Ltd. published this content on 24 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 March 2017 08:00:13 UTC.
Original documenthttp://www.elumax.com/en/news_detail.aspx?Year=2017&ID=107
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Lumax International Corp Ltd is a Taiwan-based company mainly engaged in the distribution of electronic and telecommunication components and materials, the sale and purchase of program-controlled instruments, and system integration engineering services. The Company operates mainly through the Program Control Instrumentation segment, Program Control Systems segment, Communication and Linear Transmission Systems segment, Electronic Components segment, and Other Program Control business segment. Electronic and communication components and materials are sold to domestic and foreign electronic product manufacturers and traders in the same industry. Program-controlled instrument sales and system integration engineering services mainly provide domestic state-owned enterprises and private enterprises with the business of program-controlled instruments needed to reduce process variation.
LUMAX INTERNATIONAL CORP., LTD. 
