The Board approves capital increase plan through
issuance of new shares
Date of events
2022/08/05
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/08/05
2.Source of capital increase funds:
Capital increase through issuance of new 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):
Total monetary value of the issuance depends on the issue price, and
number of shares to be issued is tentatively set at 80,000,000 shares
as max.
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:N/A
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:N/A
7.Par value per share:NT$10
8.Issue price:
The Chairman was authorized to set the actual issue price after considering
the market situation and in accordance with Article 6 of the Taiwan
Securities Association Self-discipline Rule Governing the Underwriting
Procedures to be Followed by Underwriters in Raising and Issuing Securities.
9.Number of shares subscribed for by or allocated to employees:
10% of the total newly issued common shares.
10.Number of shares publicly sold:
10% of the total newly issued common shares.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders: 80% of the total newly issued common shares will be subscribed
by existing shareholders based on their respective shareholding ratio as
registered on shareholders' roster on the record date.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:
The Chairman was authorized to assign a specific person to subscribe the
unsubscribed shares or in the event of subscription less than one share
by the existing employees and Shareholders.
13.Rights and obligations of these newly issued shares:
Same as those of the existing shares.
14.Utilization of the funds from the capital increase:
Repaying bank loans.
15.Any other matters that need to be specified:
(1) The actual issue price will be adjusted for market changes.
If the raised capital is not enough, the shortage will be supported by
the Company's own funds or other method. If the raised capital is more than
the planned amount, the increased cash will be used to enrich the operation
capital.
(2) The capital increase plan (including source of the funds, project item,
expected timeline and benefit, and terms of issuance) may need to be
adjusted if required by the official authorities or other legal factors.
The Chairman was authorized to execute and deal with related matters.
(3) The Chairman was authorized to issue the new shares with the approval
of official authority, and with full powers to proceed other unspecified
matters, such as record date and the capital increase date, according to
related laws.
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Globe Union Industrial Corp. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 10:11:14 UTC.
Globe Union Industrial Corp. is a Taiwan-based company principally engaged in the research and development, design, manufacturing and sales of unit sanitary and kitchen products. The Company's primary products include faucets, bathroom accessories, showers, bathroom ceramic products, porcelain, ceramic sanitary ware and kitchen equipment. The Company's products are mainly distributed to the Americas, Europe and China markets.
GLOBE UNION INDUSTRIAL CORP. 
