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- Announcement on behalf of the Company's subsidiary Sinyi International Limited on resolving its capital reduction in cash to the Company.
2024-11-11
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Announcement on behalf of the Company's subsidiary Sinyi International Limited on resolving its capital reduction in cash to the Company.
Subject： Sinyi Realty Inc. will hold online investor conference for 2024 Q3 operation results
To which item it meets：paragraph 12
Date of events： 2024/11/11
Statement:
1.Date of the board of directors resolution:2024/11/11
2.Reason for capital reduction:In order to align with the Group’s aggregate capital planning, the 100%o wned subsidiary Sinyi International Limited conduct capital reduction by US$ 45,000 thousand in cash.
3.Amount of capital reduction:US$ 45,000 thousand
4.Cancelled shares:not applicable
5.Capital reduction percentage:14.21%
6.Share capital after capital reduction:US$271,649 thousand
7.Scheduled date of the shareholders meeting:2024/11/11
8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:not applicable
9.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:not applicable
10.Please explain any countermeasures for lower circulation in shareholding if the aforesaid estimated no.of listed common shares upon capital reduction does not reach 60 million and the percentage does not reach 25%:not applicable
11.The record date for capital reduction:not applicable
12.Any other matters that need to be specified:none.
To which item it meets：paragraph 12
Date of events： 2024/11/11
Statement:
1.Date of the board of directors resolution:2024/11/11
2.Reason for capital reduction:In order to align with the Group’s aggregate capital planning, the 100%o wned subsidiary Sinyi International Limited conduct capital reduction by US$ 45,000 thousand in cash.
3.Amount of capital reduction:US$ 45,000 thousand
4.Cancelled shares:not applicable
5.Capital reduction percentage:14.21%
6.Share capital after capital reduction:US$271,649 thousand
7.Scheduled date of the shareholders meeting:2024/11/11
8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:not applicable
9.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:not applicable
10.Please explain any countermeasures for lower circulation in shareholding if the aforesaid estimated no.of listed common shares upon capital reduction does not reach 60 million and the percentage does not reach 25%:not applicable
11.The record date for capital reduction:not applicable
12.Any other matters that need to be specified:none.