Board Approves Cash Capital Reduction at Subsidiary Best Behaviour Holdings Limited (BVI)
Original: 代重要子公司Best Behaviour Holdings Limited-BVI公告 董事會決議現金減資
Summary
Hon Hai Precision (Foxconn) has announced, on behalf of its major subsidiary Best Behaviour Holdings Limited (incorporated in the British Virgin Islands), that the subsidiary's board of directors has resolved to carry out a cash capital reduction. A cash capital reduction involves returning paid-in capital to shareholders in cash, which restructures the subsidiary's equity base and may signal repatriation of funds up the corporate chain. Full body available on MOPS.
Full Translation
On behalf of its major subsidiary Best Behaviour Holdings Limited (BVI-incorporated), announcement of a board of directors resolution to proceed with a cash capital reduction (現金減資). A cash capital reduction is a formal reduction of registered paid-in capital accompanied by a cash distribution to shareholders, distinct from an operational loss write-off; it is often used to optimize capital structure or return surplus liquidity within a corporate group. The announcement originates from Hon Hai Precision Industry Co., Ltd. (TWSE: 2317) acting as the disclosing party for its subsidiary. [Body not available — subject line only. See MOPS for full announcement.]