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Avision Announces Capital Reduction and Share Swap Plan (Handling of Fractional Shares)

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AI Summary (NQ-processed)

Avision has announced a capital reduction plan to improve its financial structure and eliminate accumulated losses. The company will reduce its capital from NT$2.169 billion to NT$600 million by canceling 156.93 million shares, equivalent to NT$1.569 billion. The capital reduction ratio is approximately 72.34%. Shareholders will receive 276.58171 new shares for every 1,000 old shares held. The record date for the capital reduction is June 26, 2026, with new shares scheduled to be listed on June 29, 2026.

AI Analysis

Frequently Asked Questions

Q: When will Avision's capital reduction take place?
A: The reference date for the capital reduction is June 26, 2026. Trading of old shares will be suspended from June 17, and transfer of ownership will be suspended from June 22.
Q: What will happen to my shares after the capital reduction?
A: For every 1,000 old shares you hold, you will receive 276.58171 new shares. Shares in a securities depository account will be exchanged automatically.
Q: What happens to fractional shares (less than one share)?
A: Shareholders can apply to combine fractional shares into whole shares before the ownership transfer suspension date. Otherwise, they will be paid out in cash based on par value.