Subsidiary EMC Overseas Holding Inc. Resolves Earnings Distribution
Original: 代重要子公司EMC OVERSEAS HOLDING INCORPORATED 公告盈餘分配案
Summary
Elite Material (2383) has filed a material disclosure on behalf of its major subsidiary, EMC Overseas Holding Incorporated, announcing a resolution on profit distribution. The announcement covers how retained earnings at the subsidiary level will be allocated, which may affect intercompany dividend flows to the listed parent. Full body available on MOPS.
Full Translation
On behalf of its major subsidiary, EMC Overseas Holding Incorporated, Elite Material Co., Ltd. (TWSE: 2383) announces a resolution regarding the subsidiary's earnings distribution plan (盈餘分配案). Under TWSE disclosure rules, material resolutions of significant subsidiaries must be reported by the listed parent; this filing fulfills that obligation and signals that EMC Overseas Holding's board or shareholders have formally approved the allocation of distributable profits for the relevant period. [Body not available — subject line only. See MOPS for full announcement.]