GIS-KY Announces Board Approval for Addition and Reduction of Subsidiary's Capital Expenditure Budget
Key facts
- GIS-KY Announces Board Approval for Addition and Reduction of Subsidiary's Capital Expenditure Budget
- GIS-KY's board of directors approved the reduction of NT$682 million in project budget from subsidiary Yehuan Technology (Chengdu) Co., Ltd., transferring the project and budget to Yecheng Technology (Chengdu) Co., Ltd. for continued execution to maximize operational efficiency.
- Source: PR Times
- Date: June 15, 2026
Direct answer
GIS-KY's board of directors approved the reduction of NT$682 million in project budget from subsidiary Yehuan Technology (Chengdu) Co., Ltd., transferring the project and budget to Yecheng Technology (Chengdu) Co., Ltd. for continued execution to maximize operational efficiency.
- Citation
- GIS-KY Announces Board Approval for Addition and Reduction of Subsidiary's Capital Expenditure Budget (June 15, 2026), PR Times
- Source
- PR Times
- Date
- June 15, 2026
GIS-KY's board of directors approved the reduction of NT$682 million in project budget from subsidiary Yehuan Technology (Chengdu) Co., Ltd., transferring the project and budget to Yecheng Technology (Chengdu) Co., Ltd. for continued execution to maximize operational efficiency.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 09:00
- 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 16, 2026 at 17:22 (21 min after Collected)
1. Date of board or shareholders' meeting resolution: 115/06/15
2. Investment plan details:
The company's board of directors approved the reduction of the project budget of subsidiary Yehuan Technology (Chengdu) Co., Ltd. by NT$682 million, and decided to transfer the project and the budget amount to Yecheng Technology (Chengdu) Co., Ltd. for continued execution.
3. Estimated investment amount: NT$682 million.
4. Estimated investment date: Adjustment of capital expenditure project budgets between the two subsidiaries will be carried out after board approval.
5. Source of funds: To be funded by the subsidiaries' operating funds.
6. Specific purpose: This project budget adjustment is made to maximize operational efficiency among subsidiaries.
7. Other matters to be disclosed: None.
2. Investment plan details:
The company's board of directors approved the reduction of the project budget of subsidiary Yehuan Technology (Chengdu) Co., Ltd. by NT$682 million, and decided to transfer the project and the budget amount to Yecheng Technology (Chengdu) Co., Ltd. for continued execution.
3. Estimated investment amount: NT$682 million.
4. Estimated investment date: Adjustment of capital expenditure project budgets between the two subsidiaries will be carried out after board approval.
5. Source of funds: To be funded by the subsidiaries' operating funds.
6. Specific purpose: This project budget adjustment is made to maximize operational efficiency among subsidiaries.
7. Other matters to be disclosed: None.
FAQ
What is the amount of the budget transfer?
NT$682 million. This is a capital reallocation between subsidiaries for project optimization.
Where was this decision made?
Approved by GIS-KY's board of directors. The headquarters is in Taiwan, with subsidiaries in Chengdu.
Why is this news significant?
It signals strategic resource optimization within the group and indicates future investment direction.