Material Subsidiary EMC Overseas Holding Inc. Resolves Earnings Distribution Plan
Original: 代重要子公司EMC OVERSEAS HOLDING INCORPORATED 公告盈餘分配案
Summary
Elite Material (2383) is filing on behalf of its material subsidiary EMC Overseas Holding Incorporated to disclose that the subsidiary has resolved an earnings distribution (profit appropriation) plan. Such upstream distributions from a material subsidiary can affect consolidated cash flows and may represent capital being returned to the parent. Full body available on MOPS.
Full Translation
On behalf of its material subsidiary EMC OVERSEAS HOLDING INCORPORATED, Elite Material Co., Ltd. (TWSE: 2383) announces that the said subsidiary has resolved an earnings distribution plan (盈餘分配案). Under TWSE regulations, listed companies are required to publicly disclose material events occurring at their designated important subsidiaries (重要子公司); this filing fulfils that obligation. An earnings distribution resolution typically covers the appropriation of retained earnings, including any inter-company dividends to be paid to the parent. The financial impact on Elite Material's consolidated statements will depend on the amount resolved and timing of payment. [Body not available — subject line only. See MOPS for full announcement.]