(1) On the basis of the report under section 130 and with the approval of the Central Bank the official administrator may take the following actions to increase the licensed financial institution's or licensed financial holding company's capital through the issuance of new shares —
(a) determine the extent of losses and prepare the licensed financial institution's or licensed financial holding company's balance sheet covering the amount of such losses through the licensed financial institution's or licensed financial holding company's profits, reserves and, if necessary, capital; and
(b) notify existing shareholders of the amount of additional capital needed to bring the licensed financial institution's or licensed financial holding company capital into compliance with all capital requirements and allow the share holders to subscribe and purchase additional shares, by submitting binding commitments equal to the full amount of additional capital needed within 3 business days of such notification.
(2) Existing shareholders of a licensed financial institution or licensed financial holding company in official administration shall have no pre-emptive or other rights to purchase additional shares issued except as provided in this section.