What is the reason for the capital reduction resolved by Rakuten International Commercial Bank?

The capital reduction was resolved to offset the accumulated deficits of the bank.

What is the relationship between Rakuten International Commercial Bank and IBF Financial Holdings?

Rakuten International Commercial Bank is a subsidiary of IBF Financial Holdings, which holds a 49% reciprocal shareholding ratio.

What are the specific details of the capital reduction, including the amount and ratio?

The amount of the capital reduction is NT$2,778,938,000 with a reduction ratio of 27.78938%.

What will be the paid-in capital and the number of issued shares after the capital reduction?

The paid-in capital will be NT$7,221,062,000, consisting of 722,106,200 issued shares with a par value of NT$10 per share.

How many days do creditors have to submit their written objections regarding this capital reduction resolution?

Creditors must submit their objections in writing within 31 days from the day following the publication of the announcement.

AI News NQ Analysis

[IBF Financial Holdings] Announcement on behalf of subsidiary Rakuten International Commercial Bank regarding capital reduction to offset deficit

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AI Summary (NQ-processed)

IBF Financial Holdings announced that its subsidiary, Rakuten International Commercial Bank, will undergo a capital reduction of NT$2.78 billion to offset accumulated deficits and improve its financial structure.

AI Analysis

Frequently Asked Questions

Q: What is the reason for the capital reduction resolved by Rakuten International Commercial Bank?: A: The capital reduction was resolved to offset the accumulated deficits of the bank.
Q: What is the relationship between Rakuten International Commercial Bank and IBF Financial Holdings?: A: Rakuten International Commercial Bank is a subsidiary of IBF Financial Holdings, which holds a 49% reciprocal shareholding ratio.
Q: What are the specific details of the capital reduction, including the amount and ratio?: A: The amount of the capital reduction is NT$2,778,938,000 with a reduction ratio of 27.78938%.
Q: What will be the paid-in capital and the number of issued shares after the capital reduction?: A: The paid-in capital will be NT$7,221,062,000, consisting of 722,106,200 issued shares with a par value of NT$10 per share.
Q: How many days do creditors have to submit their written objections regarding this capital reduction resolution?: A: Creditors must submit their objections in writing within 31 days from the day following the publication of the announcement.