Nextron Precision's Singapore Subsidiary Approves Earnings Distribution

(CNA, Taipei, May 19) Nextron Precision Industrial Co., Ltd. announced today on behalf of its Singaporean subsidiary, NEXTRONICS ENGINEERING PTE LTD, that the subsidiary's board of directors has approved an earnings distribution of SGD 1,479,373 (approximately TWD 36.6 million). Nextron stated that this amount will be converted into US dollars and remitted to the parent company. As of the end of the first quarter of this year, Nextron's investment balance in the Singaporean subsidiary amounted to TWD 687 million. Nextron's main products include the design, manufacturing, and marketing of high-frequency high-speed connectors, circular connectors, thermal modules, backplanes, press-fit equipment, chassis, and their components. The company focuses on the medical, aerospace, transportation, smart industry, and information and communications technology (ICT) markets, with particular expertise in high-speed, thermal, press-fit, and circular connector technologies.