What is cash capital reduction?

A method where a company reduces its capital by returning excess funds to shareholders.

Does this affect creditors?

Creditors may submit objections during the announcement period; otherwise, they are considered to have no objections.

After regulatory approval, the record date for capital reduction will be set.

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King Slide Tech's shareholders approved a cash capital reduction plan. Creditors are invited to submit objections if any.

Q: What is cash capital reduction?: A: A method where a company reduces its capital by returning excess funds to shareholders.
Q: Does this affect creditors?: A: Creditors may submit objections during the announcement period; otherwise, they are considered to have no objections.
Q: What are the next steps?: A: After regulatory approval, the record date for capital reduction will be set.