Sakura Development : Announcement that the Company’s Board of Directors resolved to issue new shares through capital increase from earnings and capital surplus
Announcement that the Company's Board of
Directors resolved to issue new shares through capital
increase from earnings and capital surplus
Date of events
2022/03/21
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/21
2.Source of capital increase funds:Earnings and capital surplus
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
NO
4.Total monetary value of the issuance and number of shares issued (shares
issued not including those distributed to employees if consisting in
capital increase from earnings or capital surplus):
Total monetary value of the issuance from earnings is NT$705,149,840
and number of shares issued from earnings is 70,514,984 shares.
Total monetary value of the issuance from capital surplus is NT$192,313,590
and number of shares issued from capital surplus is 19,231,359 shares.
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:Not applicable
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:Not applicable
7.Par value per share:NT$10
8.Issue price:Not applicable
9.Number of shares subscribed for by or allocated to employees:None.
10.Number of shares publicly sold:Not applicable
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:
Earnings 110 shares gratuitously allotted for every thousand shares.
Capital surplus 30 shares alloted for every thousand shares.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:
If the new shares distributed to shareholders from this capital increase
are less than one full share, shareholders may consolidate them by handling
respective procedures at the Company's stock transfer agent.
For those shares which cannot be consolidated within the specified period
or still remain insufficient, cash will be distributed instead (rounded to
the dollar), and the Chairman shall be authorized to designate specific
persons for purchase of these by cash at par value.
13.Rights and obligations of these newly issued shares:
Same rights and obligations as those of the original common shares.
14.Utilization of the funds from the capital increase:
Increasing working capital.
15.Any other matters that need to be specified:
In case of the buyback, cancellation, share exchange of corporate bonds,
issuance of new stocks or other changing factors affecting the shares
by the Company afterwards,the Board of Directors shall be authorized
by shareholder's meeting and have full authority to make amendments.
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Sakura Development Co. Ltd. published this content on 21 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2022 10:37:10 UTC.
SAKURA DEVELOPMENT CO., LTD is a Taiwan-based company principally engaged in the development, leasing and sales of collective buildings. The Company's main products include residential buildings, commercial buildings and other buildings. The Company operates its businesses mainly within the domestic markets, including Taichung, Taiwan.
Sakura Development : Announcement that the Company’s Board of Directors resolved to issue new shares through capital increase from earnings and capital surplus
SAKURA DEVELOPMENT CO.,LTD 
