Chenbro Resolves to Capitalize Malaysian Subsidiary Up to NT$400 Million

ASEAN Financial Special Report (Total 300 Articles)

Central News Agency (CNA)

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(CNA, Taipei, 7th) Server chassis giant Chenbro announced today that its board of directors has resolved to approve a capital increase for its wholly-owned subsidiary CHENBRO (MALAYSIA) SDN. BHD., with a total transaction amount within NT$400 million, to cope with market operational development and global supply chain layout.

Chenbro stated that CHENBRO (MALAYSIA) SDN. BHD. is a 100% owned subsidiary, and the investment is based on funding needs; as of now, the cumulative amount of securities held in this transaction (including this transaction) is within NT$2 billion.

Chenbro also released its first-quarter financial report today, with revenue of NT$7.107 billion, a 5.4% quarter-on-quarter increase and a 71.1% year-on-year increase; net profit attributable to the parent company was NT$1.335 billion, a 24.8% quarter-on-quarter increase and a twofold increase compared to the same period last year, with earnings per share of NT$10.73, hitting a record high and earning an entire capital stock in a single quarter. 1150507

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