Techcential International Ltd.

05/12/2022 | Press release | Distributed by Public on 05/12/2022 05:23

TIL Board approved to increase Paid-Up Capital of the subsidiary EHL Cabinetry Sdn Bhd

Close
Today's Information

Provided by: Techcential International Ltd
SEQ_NO 5 Date of announcement 2022/05/12 Time of announcement 19:22:29
Subject
 TIL Board approved to increase Paid-Up Capital
of the subsidiary EHL Cabinetry Sdn Bhd
Date of events 2022/05/12 To which item it meets paragraph 20
Statement
1.Name and nature of the underlying assets (if preferred shares,
 the terms and conditions of issuance shall also be indicated,
e.g., dividend yield, etc.): Ordinary Shares of EHL Cabinetry Sdn. Bhd.
2.Date of occurrence of the event:2022/05/12
3.Volume, unit price, and total monetary amount of the transaction:
-(1) Volume of the transaction: 12,000 thousand shares
-(2) Unit price of the transaction: MYR0.25 per share
-(3) Total monetary amount of the transaction: MYR3,000 thousand
4.Trading counterparty and its relationship to the Company
(if the trading counterparty is a natural person and
furthermore is not a related party of the Company, the name
of the trading counterparty is not required to be disclosed):
-(1) Trading counterparty: EHL Cabinetry Sdn Bhd
-(2) Its relationship to the Company: A subsidiary of TIL
     (83.82% shareholding)
5.Where the trading counterparty is a related party,
announcement shall also be made of the reason for choosing
the related party as trading counterparty and the
identity of the previous owner, its relationship with
the Company and the trading counterparty, and the previous
date and monetary value of transfer: NA
6.Where an owner of the underlying assets within the past
 five years has been an related party of the Company, the
announcement shall also include the date and price of
acquisition and disposal by the related party, and its
relationship to the Company at the time of the transaction: NA
7.Matters related to the current disposal of creditors'
 rights (including types of collaterals of the disposed
creditor's rights; if creditor's rights over a related
party, announcement shall be made of the name of the
related party and the book amount of the creditor's
rights, currently being disposed of, over such related
party: NA
8.Profit or loss from the disposal (not applicable in
cases of acquisition of securities) (where originally
deferred, the status of recognition shall be listed and
 explained): NA
9.Terms of delivery or payment (including payment period
and monetary value), restrictive covenants in the contract,
 and other important terms and conditions:
-(1) Terms of delivery or payment: The board of directors authorizes the
     chairman to be responsible for subsequent capital increase matters
     within the amount of investment.
-(2) Restrictive covenants in the contract: Nil
-(3) Other important terms and conditions: Nil
10.The manner in which the current transaction was
decided, the reference basis for the decision on price,
and the decision-making unit:
-TIL Board of Directors decided to increase the capital of EHL Cabinetry
 Sdn Bhd at the price of MYR0.25 per share
11.Net worth per share of the Company's underlying securities
acquired or disposed of: NA
12.Cumulative no.of shares held (including the current
transaction), their monetary value, shareholding percentage,
 and status of any restriction of rights (e.g., pledges),
 as of the present moment:
-(1) Cumulative no.of shares held (including the current
     transaction): 32,211 thousand shares
-(2) Cumulative their monetary value (including the current
     transaction): MYR15,100 thousand
-(3) Cumulative shareholding percentage (including the current
     transaction): 89.20%
-(4) Cumulative status of any restriction of rights
     (including the current transaction): Nil
13.Ratio of securities investment (including the current
 transaction) to the total assets and shareholder's equity
 of the parent company on the latest financial statements,
 and the operating capital on the latest financial statements,
 as of the present moment:
-(1) Ratio of the total assets: 60.33%
-(2) Ratio of the shareholder's equity of the parent company: 136.68%
-(3) The operating capital as of the present moment: NTD351,882 thousand
14.Broker and broker's fee: NA
15.Concrete purpose or use of the acquisition or disposal:
-Long term investment
16.Whether the directors expressed any objection to the current
 transaction: Nil
17.Whether the counterparty of the current transaction
is a related party: Yes
18.Date of the Board of Directors' resolution: 2022/05/12
19.Date of ratification by supervisors or approval by
the Audit Committee: 2022/05/12
20.Whether the CPA issued an opinion on the unreasonableness
 regarding the current transaction: NA
21.Name of the CPA firm: Refer to Chinese Material Information
22.Name of the CPA: Refer to Chinese Material Information
23.License no.of the CPA: Refer to Chinese Material Information
24.Any other matters that need to be specified: Nil