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Jenn Feng to reduce capital
Taiwan News, Staff Writer
2014-03-25 06:00 PM
Jenn Feng New Energy Co., Ltd. (1538) stated Monday that it will engage in a capital reduction to cover losses in order to improve the company’s financial structure. Currently, its paid-in capital is NT$1,638,844,960. After the capital reduction, its paid-in capital will be NT$831,358,510.

After capital reduction outstanding shares will total 83,135,851. The proportion of capital reduction is approximately 49.27168% or a reduction of 492.7168 shares out of every 1,000 shares. A total of 80,748,645 issued shares will be eliminated.

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