 2015-03-31 |
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March 28, 2015 | Reporter Peng Hsuan-yi, Taipei | Zhongshi Electronic News
YC (4306) faced pressure last year, with EPS dropping to NT$0.28. The board has decided to distribute a cash dividend of NT$0.25 per share. Given the ongoing oversupply of BOPP this year, the company has decided to sell land and buildings in the Jianlin Section of Linkou District, authorizing the chairman to handle the transaction at a total price not less than NT$456 million. With the acquisition cost around NT$100 million, if the transaction proceeds smoothly, the profit contribution per share is expected to be approximately NT$0.70 to NT$0.80.
Due to profitability falling short of expectations and impacting the stock price below the book value per share, Yanzhou will initiate a share buyback program from now until May 26. The company plans to repurchase 10,000 shares of its own stock, with the buyback price ranging from NT$14 to NT$20 per share. |
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