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Yageo Corp (國巨) on Thursday proposed lowering its paid-in capital by 20 percent as part of its financial restructuring plan.
The world’s third-largest multi-layer ceramic capacitor supplier proposed at a board meeting to reduce its capital by NT$1.08 billion (US$38.08 million) to NT$4.32 billion, joining a growing list of technology companies that have sought to lower capital and boost earnings per share.
The company said it would distribute NT$2 in cash for every share to complete the capital reduction.
Additionally, Yageo proposed a cash dividend of NT$10 per share based on last year’s earnings per share of NT$46.46.
Overall, shareholders would receive NT$12 per
Taipei, March 19 (CNA) Yageo Corp., the world's third largest multi-layer ceramic capacitor (MLCC) supplier, has decided to lower its paid-in capital by 20 percent as part of capital restructuring.