Subsidiary ITEQ International Ltd. Board Resolves Earnings Distribution Plan
Original: 代重要子公司ITEQ International Ltd.公告董事會決議 盈餘分配案
Summary
On behalf of its material subsidiary ITEQ International Ltd., ITEQ Corporation (6213) has disclosed a board resolution approving an earnings distribution proposal. The resolution determines how accumulated profits of the subsidiary will be allocated, which may affect dividend flows up to the parent company. Full body available on MOPS.
Full Translation
Acting on behalf of material subsidiary ITEQ International Ltd., the company announces a resolution passed by that subsidiary's Board of Directors concerning an earnings distribution proposal (盈餘分配案). Under Taiwan regulations, a listed company must disclose material resolutions made at significant subsidiaries; an earnings distribution resolution typically covers the allocation of retained earnings into dividends, legal reserves, or reinvestment. This announcement signals that ITEQ International Ltd.'s board has formally voted on how its profits will be distributed, a decision that may have direct implications for cash flows remitted to the parent, ITEQ Corporation (TWSE: 6213). [Body not available — subject line only. See MOPS for full announcement.]