Subsidiary Wuxi Lianmao Board Resolves Earnings Distribution Plan
Original: 代重要子公司無錫聯茂公告董事會決議盈餘分配案
Summary
ITEQ disclosed on behalf of its key subsidiary Wuxi Lianmao that the subsidiary's board has approved an earnings distribution proposal. This is a routine governance action that may affect upstream cash flows to the parent through dividend remittance. Full body available on MOPS.
Full Translation
On behalf of important subsidiary Wuxi Lianmao, announcement of the board of directors' resolution on the earnings distribution proposal. The parent company is disclosing, on behalf of its material subsidiary Wuxi Lianmao (无锡联茂), that the subsidiary's board of directors has passed a resolution regarding the distribution of retained earnings. Such resolutions typically cover cash and/or stock dividends to be paid by the subsidiary to its shareholders, including the parent. [Body not available — subject line only. See MOPS for full announcement.]