Eastech Holding Limited Announces Cash Dividend, Payable on April 22, 2024
February 26, 2024 at 01:51 am
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Eastech Holding Limited announced cash dividend of TWD 6.61466011 per share. Ex-rights (ex-dividend) trading date is March 22, 2024, Ex-rights (ex-dividend) record date is March 30, 2024 and Payment date of cash dividend distribution is April 22, 2024.
Type and monetary amount of dividend distribution after the change: Cash dividend TWD 494,275,000, each common share is entitled to receive TWD 6.57218246. Reason for the change: As a result of the conversion of the Company?s convertible corporate bond and exercising the stock options from the Company?s Employee Stock Options Plan, the total number of outstanding shares has been changed to 75,207,133 shares, so the dividend ratio has been adjusted to distribute shareholder cash dividends of TWD 6.57218246 per share. The Chairman is authorized by the Board of Directors? meeting held on 26 February, 2024 to make an adjustment on cash dividend distribution ratio.
Eastech Holding Limited, formerly Eastern Technologies Holding Limited is principally engaged in the research, development, manufacture and distribution of sound systems for consumer and commercial applications. The Company primarily provides sound boxes and accessories, including single loud speakers, wooden boxes, personal computers (PC) speakers, mini speakers, micro speakers, home theaters, sound bars Bluetooth speakers, speaker drivers and others, as well as earphones, including stereo in-ear earphones, headband earphones, earphones for mobile phones, and multimedia earphones for computers, among others. It also provides sound system components such as loudspeaker units, loudspeaker components, plastic components and others.