2016/03/25
The Board of Directors Meeting of Coretronic Corporation has resolved to conduct of capital reduction
The Board of Directors Meeting of Coretronic Corporation (Stock Code: 5371) held on March 25th, 2016 has resolved to conduct of capital reduction by cash refund to shareholders in order to recapitalize and enhance shareholders' interests.
The total amount of capital reduction is NT$1,086,057,780, the capital reduction ratio is 20% and the total cancelled shares is 108,605,778 shares. After the capital reduction, the company's paid-in capital is NT$ 4,344,231,100, NT$10 par value per share, equivalent to 434,423,110 shares.
In addition, the Board of Directors also resolved on portioning out NT$1.5 cash dividends/per common share for shareholder, based on NT$3.51 EPS in 2015, the payout ratio is almost 100% if plus NT$2.0 from the capital reduction by cash refund to shareholders. The total cash expenditure is around NT$1.9 Bn.
The total amount of capital reduction is NT$1,086,057,780, the capital reduction ratio is 20% and the total cancelled shares is 108,605,778 shares. After the capital reduction, the company's paid-in capital is NT$ 4,344,231,100, NT$10 par value per share, equivalent to 434,423,110 shares.
In addition, the Board of Directors also resolved on portioning out NT$1.5 cash dividends/per common share for shareholder, based on NT$3.51 EPS in 2015, the payout ratio is almost 100% if plus NT$2.0 from the capital reduction by cash refund to shareholders. The total cash expenditure is around NT$1.9 Bn.
