The Board of Directors approved the
capital increase by cash through issuance of
new shares.
Date of events
2022/08/10
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/08/10
2.Source of capital increase funds:Issuance of new common shares.
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):
NT$2,100,000,000/210,000,000 shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:NA
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:NA
7.Par value per share:NT$10
8.Issue price:
The actual issue price shall be determined in accordance with the
relevant laws and regulations after getting approval from authority.
9.Number of shares subscribed for by or allocated to employees:
21,000,000shares
10.Number of shares publicly sold:21,000,000shares
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:284.558267 per thousand shares for subscription.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:
The abnormal shares with less than one share subscription may be handled by
the shareholders of the Company within five days from the book closure date.
The original shareholders and employees waived the odds of less than one
share after the subscription or scrapping, the Chairman is authorized to
negotiate with specific counterparties to subscribe at the issue price.
13.Rights and obligations of these newly issued shares:
Same as the existing common shares.
14.Utilization of the funds from the capital increase:
Replenish working capital and strengthen financial structure
15.Any other matters that need to be specified:
If any matters relevant to the capital increase by cash through issuance of
new shares need to be amended due to the change of the R.O.C. laws or
regulations, market conditions, and other factors, the Chairman is authorized
to deal with relative matters.
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Central Reinsurance Corporation published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 11:29:10 UTC.
Central Reinsurance Corporation is a Taiwan-based company principally engaged in reinsurance business. The Company provides fire reinsurance, marine hull reinsurance, marine cargo reinsurance, automobile reinsurance, aviation reinsurance, engineering reinsurance, other property reinsurance, fishing vessel reinsurance, compulsory automobile reinsurance, compulsory motorcycle reinsurance, residence earthquake reinsurance, as well as health, life and casualty reinsurance and others. The Company operates its businesses in domestic and overseas markets.
CENTRAL REINSURANCE CORPORATION 