Board Approves Capital Increase for Subsidiary of Kunshan Zhongchen Silicon Crystal
Original: 代子公司昆山中辰矽晶有限公司公告董事會決議通過子公司之增資案
Summary
GlobalWafers announced on behalf of its subsidiary Kunshan Zhongchen Silicon Crystal Co., Ltd. (昆山中辰矽晶有限公司) that the board of directors has resolved to approve a capital increase for one of that subsidiary's own subsidiaries. This represents a downstream capital injection within GlobalWafers' China-based silicon wafer manufacturing structure. Full body available on MOPS.
Full Translation
On behalf of its subsidiary Kunshan Zhongchen Silicon Crystal Co., Ltd. (a China-incorporated entity in Kunshan, Jiangsu), GlobalWafers announces that the board of directors has passed a resolution approving a capital increase for a subsidiary of Kunshan Zhongchen Silicon Crystal. The announcement originates at the sub-subsidiary level, with GlobalWafers acting as the TWSE-listed disclosing entity required to file the material information notice on behalf of the downstream entity. The capital increase suggests continued investment in GlobalWafers' Chinese silicon wafer operations, though the amount, purpose, and beneficiary sub-subsidiary are not specified in the subject line. [Body not available — subject line only. See MOPS for full announcement.]