[Shin Jin] Announcement of Board Resolution to Distribute Dividends by Important Subsidiary Shin Jin Enterprise (Samoa) Co., Ltd.
Key facts
- [Shin Jin] Announcement of Board Resolution to Distribute Dividends by Important Subsidiary Shin Jin Enterprise (Samoa) Co., Ltd.
- The Board of Directors of Shin Jin Enterprise (Samoa) Co., Ltd. resolved on June 11, 2024, to distribute a cash dividend totaling USD 5,135,202.55. This decision pertains to a subsidiary wholly owned by the company.
- Source: PR Times
- Date: June 11, 2026
Direct answer
The Board of Directors of Shin Jin Enterprise (Samoa) Co., Ltd. resolved on June 11, 2024, to distribute a cash dividend totaling USD 5,135,202.55. This decision pertains to a subsidiary wholly owned by the company.
- Citation
- [Shin Jin] Announcement of Board Resolution to Distribute Dividends by Important Subsidiary Shin Jin Enterprise (Samoa) Co., Ltd. (June 11, 2026), PR Times
- Source
- PR Times
- Date
- June 11, 2026
The Board of Directors of Shin Jin Enterprise (Samoa) Co., Ltd. resolved on June 11, 2024, to distribute a cash dividend totaling USD 5,135,202.55. This decision pertains to a subsidiary wholly owned by the company.
📋 Article Processing Timeline
- 📰 Published: June 11, 2026 at 09:00
- 🔍 Collected: June 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (9h 53m after Collected)
2. Type and Amount of Dividend Distribution: Total cash dividend of USD 5,135,202.55.
3. Other Matters to be Noted:
Shin Jin Enterprise (Samoa) Co., Ltd. is a wholly-owned subsidiary of our company.
FAQ
What kind of company is Shin Jin Enterprise (Samoa) Co., Ltd.?
It is a subsidiary wholly owned by the announcing company. While specific business details are not provided, it possesses the financial capacity to distribute cash dividends.
Why is the subsidiary issuing a dividend?
Dividends may be paid from a subsidiary to its parent company when the subsidiary has generated sufficient profits and the parent company wishes to enhance shareholder returns.
When will this dividend be paid?
The resolution was made by the Board of Directors on the announcement date (June 11, 2024), but specific payment dates are not mentioned.
What is the intended use of the dividend funds?
The announcement does not specify the use, but generally, such funds are often used for the parent company's business investments or shareholder returns.
How does this news affect investment decisions?
It can be a positive indicator of the subsidiary's performance and the parent company's shareholder return policy, but decisions should be made considering detailed business information and future plans.