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Yuanta Financial unit completes capital reduction

Yuanta Financial Holdings Co. Ltd. unit Yuanta Asset Management Co. Ltd. reduced its capital by NT$500 million, following regulatory approval.

The unit's paid-in capital declined to NT$1 billion from NT$1.50 billion after the capital reduction, while its number of outstanding shares fell to 100 million from 150 million.

The net worth of each share rose to NT$19.69 from NT$16.46, based on financial statements as of Oct. 31.

As of Nov. 20, US$1 was equivalent to NT$30.04.