[Far Eastern Department Stores] Announcement of Important Resolutions from the Annual General Meeting of Shareholders of Subsidiary Pacific Distribution Investment Co., Ltd.
Key facts
- [Far Eastern Department Stores] Announcement of Important Resolutions from the Annual General Meeting of Shareholders of Subsidiary Pacific Distribution Investment Co., Ltd.
- Far Eastern Department Stores (FEDS) announced important resolutions from the Annual General Meeting of Shareholders of its subsidiary, Pacific Distribution Investment Co., Ltd. The meeting approved the profit distribution proposal for fiscal year 114, with a cash dividend of NT$0.9 per share, and also approved the business report and financial statements for fiscal year 114. Furthermore, the shareholders' meeting conducted a complete re-election of directors and supervisors, and passed a resolution to lift the restrictions on director's non-compete obligations under the Company Act.
- Source: PR Times
- Date: June 9, 2026
Direct answer
Far Eastern Department Stores (FEDS) announced important resolutions from the Annual General Meeting of Shareholders of its subsidiary, Pacific Distribution Investment Co., Ltd. The meeting approved the profit distribution proposal for fiscal year 114, with a cash dividend of NT$0.9 per share, and also approved the business report and financial statements for fiscal year 114. Furthermore, the shareholders' meeting conducted a complete re-election of directors and supervisors, and passed a resolution to lift the restrictions on director's non-compete obligations under the Company Act.
- Citation
- [Far Eastern Department Stores] Announcement of Important Resolutions from the Annual General Meeting of Shareholders of Subsidiary Pacific Distribution Investment Co., Ltd. (June 9, 2026), PR Times
- Source
- PR Times
- Date
- June 9, 2026
Far Eastern Department Stores (FEDS) announced important resolutions from the Annual General Meeting of Shareholders of its subsidiary, Pacific Distribution Investment Co., Ltd. The meeting approved the profit distribution proposal for fiscal year 114, with a cash dividend of NT$0.9 per share, and also approved the business report and financial statements for fiscal year 114. Furthermore, the shareholders' meeting conducted a complete re-election of directors and supervisors, and passed a resolution to lift the restrictions on director's non-compete obligations under the Company Act.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 09:00
- 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
2. Important Resolutions:
I. Profit Distribution or Loss Compensation: Approved the profit distribution proposal for fiscal year 114 (cash dividend of NT$0.9 per share).
II. Amendment of Articles of Incorporation: None.
III. Business Report and Financial Statements: Approved the business report and financial statements for fiscal year 114.
IV. Election of Directors and Supervisors: Complete re-election of the company's directors (three seats) and supervisors (one seat).
V. Other Matters:
(1) Approved the proposal to lift the restrictions on directors' non-compete obligations as stipulated in the Company Act.
7. Other Matters to be Noted: None.
FAQ
What is the dividend approved at Far Eastern Department Stores' shareholders' meeting?
The profit distribution proposal for fiscal year 114 was approved, with a cash dividend of NT$0.9 per share decided.
How were the subsidiary's directors and supervisors appointed?
At the shareholders' meeting, three directors and one supervisor were newly elected.
What is the impact of lifting the non-compete restrictions for directors?
This is expected to allow directors to better leverage insights from activities in other companies, potentially expanding future business opportunities and investments.
What does this news mean for investors?
The stable dividend distribution and strengthened corporate governance are considered positive signals for investors.
What is the future outlook for the Far Eastern Department Stores group?
These resolutions represent a significant step towards sustainable growth and enhanced corporate value, drawing attention to future business developments.