Simplo to cut capital by 40%

Notebook battery maker Simplo Technology has announced plans to reduce its capital by 40% and will also distribute dividends of NT$6 (US$0.20) in cash for 2016. With the two cash returns, the company's shareholders will be able to receive a total of NT$10 in cash for each share. Simplo chairman Raymond Sung noted that the company will still have NT$10 billion in cash after the capital reduction and this will allow the company to have more flexibility in its operations.

from DIGITIMES: IT news from Asia http://ift.tt/2nlEia6
via Yuichun