[Zhen Ding-KY] Subsidiary Mayco Industrial Limited Announces Board Approval of Profit Distribution Plan
AI Summary (NQ-processed)
Mayco Industrial Limited, a subsidiary of Zhen Ding-KY, announced that its board of directors has approved a cash dividend distribution of RMB 1,050,000,000. This reflects strong financial performance and shareholder commitment.
AI Analysis
Frequently Asked Questions
Q: When will this dividend be paid?
A: The payment date has not been announced. Typically, such dividends are paid within 1-2 months after approval.
Q: How much is RMB 1.05 billion in Japanese yen?
A: Based on an exchange rate of JPY 20 per RMB 1, it would be approximately JPY 21 billion.
Q: What does Mayco Industrial Limited do?
A: It is a China-based subsidiary of Zhen Ding-KY, primarily engaged in manufacturing and selling PCBs and electronic components.