Sinyi Realty Unit OKs $15 Million Cash Capital Reduction
Sinyi Realty (TPE:9940) unit approved a cash capital reduction of $15 million as part of a group-level capital restructuring plan aimed at optimizing capital allocation.The reduction, carried out through Jiu Xin Estate (Wuxi) and upstream entities, will see funds remitted step-by-step back to the parent group for consolidated use, according to a Monday Taiwan Exchange filing.The capital cut represents about 10.2% of the subsidiary's share capital, with post-reduction capital estimated at $132 million.