2025/12/29
Polaris Group (TWSE: 6550) convened an extraordinary shareholders’ meeting on the morning of December 26, 2025, at which shareholders approved a proposal for a private placement of common shares for FY 2025. The Company resolved to conduct the private placement in up to four tranches within one year, with a total issuance of no more than 150,000,000 shares.
Later that same afternoon, Polaris Group promptly convened a board meeting to deliberate on the pricing and number of shares to be issued under the private placement. Although the Company had previously announced via a material information disclosure on November 7, 2025, that the private placement price could be set at no less than 80% of the statutory reference price, the Board, taking into consideration the interests of all shareholders and with the aim of strengthening investor confidence in the Company’s future operations, resolved to set the private placement price at NT$30 per share. This price is very close to the closing market price of NT$30.15 on the same day.
Chairman Mr. Samuel Chen stated: “the decision to price the private placement at a level very close to the market price reflects the Board’s and major shareholders’ confidence in the Company’s overall operations. The funds raised from the private placement will be used to strengthen working capital and repay bank borrowings. In addition, following a comprehensive review of the Company’s overall operations and resource allocation, the proceeds will be deployed prudently to support future development.”