Subsidiary Wuxi Lianmao Acquires Machinery & Equipment from Single Vendor, Totaling NT$500M
Original: 代子公司無錫聯茂公告對單一廠商取得機器設備達新台幣5億元
Summary
ITEQ Corporation is filing on behalf of its Chinese subsidiary Wuxi Lianmao Electronics (無錫聯茂) to disclose that cumulative machinery and equipment purchases from a single vendor have reached the NT$500 million mandatory-disclosure threshold under Taiwan regulations. The scale of the procurement signals a meaningful capacity-expansion initiative at the Wuxi facility, which is relevant to investors assessing ITEQ's capital expenditure trajectory and production ramp plans. Full body available on MOPS.
Full Translation
On behalf of subsidiary Wuxi Lianmao [Electronics Co., Ltd.], ITEQ Corporation announces that procurement of machinery and equipment from a single vendor has reached NT$500 million (New Taiwan Dollars 500,000,000). Under Taiwan Stock Exchange / TWSE disclosure rules, acquisitions of equipment from a single supplier that cumulatively reach NT$500 million within a fiscal year trigger a mandatory material-information filing. This announcement reflects significant capital expenditure activity at ITEQ's Wuxi, China manufacturing subsidiary, which produces high-frequency, high-speed copper-clad laminates and prepregs used in advanced PCB applications. The disclosure indicates a continued capacity or capability build-out at the Wuxi facility. [Body not available — subject line only. See MOPS for full announcement.]