Announcement of cash capital increase and issuance
of new shares on behalf of its subsidiary DONG LIEN
Date of events
2022/06/30
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/06/30
2.Source of capital increase funds:Cash capital increase.
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):
Approximately NT$1.12 billion in share capital.
37,675 thousand shares.
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:US$1
8.Issue price:Approximately NT$1.12 billion in share capital, approximately
US$37,675 thousand, and US$1 per share.
9.Number of shares subscribed for by or allocated to employees:N/A
10.Number of shares publicly sold:N/A
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:The original shareholder SHIH WEI NAVIGATION Co., Ltd.
subscribed for 100%.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:N/A
13.Rights and obligations of these newly issued shares:
Same as the original issued shares.
14.Utilization of the funds from the capital increase:Subsidiary DONG LIEN
MARITIME S.A.PANAMA, reinvested 100% owned sub-subsidiaries to repay bank
loans.
15.Any other matters that need to be specified:
The number of shares to be issued will be varied subject to the
exchange rate when the parent company (SHIH WEI) increases capital
remitted.
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Shih Wei Navigation Co. Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 10:01:06 UTC.
SHIH WEI NAVIGATION CO., LTD. is a Taiwan-based company principally engaged in the provision of shipping related services. The Companyâs primary businesses include cargo shipping, shipping transportation, shipping agency, ship management and chartering businesses, as well as the purchasing and sales of ships. The Company mainly operates through two business segments. The Shipping segment is mainly engaged in the shipping and shipping agency businesses. The Tourism segment is mainly engaged in the development of sightseeing leisure hotels. The Company primarily transports cargoes of metal ores, coal, grains, steel, machine components, timbers, boards and other bulk commodities.
SHIH WEI NAVIGATION CO., LTD. 
