[Merida] Announcement of Board Resolution on Profit Repatriation from Major Subsidiaries
Merida Industry has approved a resolution to repatriate approximately 6.6 million USD in dividends from its overseas subsidiaries.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 09:00
- 🔍 Collected: May 20, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 20, 2026 at 08:45 (45 min after Collected)
1. Board resolution date: May 19, 2026
2. Type and amount of dividend: Cash, USD 6,596,596.16
3. Other information: The company holds 100% of Merida Industry (Hong Kong) Co., Ltd. through Merida International (B.V.I) Ltd., and is repatriating the final surplus to the parent company.
2. Type and amount of dividend: Cash, USD 6,596,596.16
3. Other information: The company holds 100% of Merida Industry (Hong Kong) Co., Ltd. through Merida International (B.V.I) Ltd., and is repatriating the final surplus to the parent company.
FAQ
What is the purpose of this dividend?
To repatriate surplus earnings from the subsidiary to the parent company to optimize group-wide capital allocation.
Why is it paid in USD?
Since it is an international financial transaction between overseas subsidiaries, USD is used as the standard currency.
What is the outlook?
Capital repatriation is expected to be managed appropriately based on the group's profitability and funding needs.