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2015-02-11 KYET’s Board of Directors has resolved to propose a cash dividend of NT$5.0 per share
KYET’s Board of Directors has resolved to propose a cash dividend of NT$5.0 per share

The world’s largest OEM speakers manufacturer, Eastern Technologies Holding Limited (“KYET”) (TSE stock code: 5225), today announces their Board’s resolution to propose a cash dividend of NT$5.0 per share for the financial year 2014.  The proposal is subject to approval at the Annual General Meeting (“AGM”).

 

KYET’s AGM will be held on May 12, 2015 at 9:00 a.m. at GisNTU Convention Center, B1F, No. 85, Sec. 4, Roosevelt Road, Zhongzheng District, Taipei City, Taiwan, and shareholder registration of any share transfers shall be closed from March 14, 2015 to May 12, 2015.

2014-12-17 KYET’s Board of Directors has today resolved to propose an acquisition of the OEM/ODM audio video electronics manufacturer, Eastech Electronics (Taiwan) Inc. and its subsidiaries.
KYET’s Board of Directors has today resolved to propose an acquisition of the OEM/ODM audio video electronics manufacturer, Eastech Electronics (Taiwan) Inc. and its subsidiaries.

The world’s largest OEM speakers manufacturer, Eastern Technologies Holding Limited (“KYET”), (TSE stock code: 5225) announces its Board’s resolution to propose an acquisition of a 99.98% shareholding in Eastech Electronics (Taiwan) Inc. and its subsidiaries (“ETT Group").

 

As speakers systems are closely correlated with 3C electronics products, this acquisition will capture industry momentum enhancing KYET’s core competencies and providing new market opportunities in the audio-video consumer electronics market by facilitating horizontal integration of product design and vertical integration of production capability.  It is expected that overall operating costs will be reduced and production efficiency will be improved as a result of the integration.

 

Eastech Electronics (Taiwan) Inc. and its subsidiaries

 

The ETT Group offers world class technical competence, manufacturing and testing resources through an array of modern facilities, and provides value-added total turnkey solutions to major brand name customers via its strong research and development capabilities.

2014-04-01 KYET announces its acquisition of SCAN-SPEAK A/S, the Danish developer and manufacturer of high-end loudspeakers and transducers
KYET announces its acquisition of SCAN-SPEAK A/S, the Danish developer and manufacturer of high-end loudspeakers and transducers

The world’s largest OEM speakers manufacturer, Eastern Technologies Holding Limited (“KYET”), (TSE stock code: 5225) announces its acquisition of a 100% shareholding in SCAN-SPEAK A/S (“SCAN-SPEAK”).  Founded in 1970 in Videbaek, Denmark SCAN-SPEAK devises, manufactures, markets and sells state-of-the-art loudspeakers and transducers to the high-end audio segment. This acquisition provides KYET faster access to this industry segment by making use of SCAN-SPEAK’s technologies, brand recognition, reputation and its well-established group of customers to allow KYET to expand into high-end speaker systems.  SCAN-SPEAK will assist KYET to further boost our product lines and product quality which should result in an increase in our sales and an enhancement of our profit margin.

 

The main business model of KYET is still focused on OEM/ODM and although SCAN-SPEAK will be operating independently, SCAN-SPEAK will provide expertise and assistance in enhancing our acoustic technology, approaching targeted customers and increasing our competitiveness in the industry, allowing KYET to advance as a comprehensive acoustic total solutions provider.

 

SCAN-SPEAK A/S

SCAN-SPEAK is a world-renowned loudspeaker developer and manufacturer in Denmark.  They set the loudspeaker industry's gold standard for audiophiles, and are constantly viewed as a market benchmark by other high-end speaker manufacturers.

http://www.scan-speak.dk

2014-02-11 KYET’s Board of Directors has resolved to propose a cash dividend of NT$5.0 per share
KYET’s Board of Directors has resolved to propose a cash dividend of NT$5.0 per share

The world's largest OEM speakers manufacturer, Eastern Asia Technologies Holding Limited ("KYET") (TSE stock code: 5225), today announces their Board's resolution to propose a cash dividend of NT$5.0 per share for the financial year 2013.  The proposal is subject to approval at the Annual General Meeting ("AGM").

 

KYET's AGM will be held on April 30, 2014 at 9:00 a.m. at GisNTU Convention Center, B1F, No. 85, Sec. 4, Roosevelt Road, Zhongzheng District, Taipei City, Taiwan, and shareholder registration of any share transfers shall be closed from March 2, 2014 to April 30, 2014.

2013-03-11 KYET’s Board of Directors has approved that a cash dividend of NT$5.0 per share be declared
KYET’s Board of Directors has approved that a cash dividend of NT$5.0 per share be declared

The world's largest OEM speakers manufacturer, Eastern Technologies Holding Limited ("KYET") (TSE stock code: 5225) today announces their Board's approval of a dividend distribution proposal for 2012. Profit after tax for 2012 was NT$295.8m, an increase of approximately 82% from 2011’s NT$133m and its EPS based on a weighted average number of shares for 2012 was NT$5.37. The proposed cash dividend per share is NT$5 which is subject to approval at the Annual General Meeting ("AGM").

KYET's AGM will be held on June 5, 2013 at 9:00 a.m. at GisNTU Convention Center, B1F, No. 85, Sec. 4, Roosevelt Road, Zhongzheng District, Taipei City, Taiwan, and shareholder registration of any share transfers shall be closed from April 7, 2013 to June 5, 2013.

2013-03-08 YTD Sales of NTD$692 million, an increase of 5.38% YoY
YTD Sales of NTD$692 million, an increase of 5.38% YoY

The world’s largest OEM speakers manufacturer, Eastern Technologies Holding Limited (“KYET”), (TSE stock code: 5225) today announced that Sales for February 2013 were approximately NT$291million. Year-to-date Sales are NT$692 million, which is an increase of 5.38% YOY.

KYET stated that, with the growing demand for consumer electronics products and portable devices, the historically slow first quarter did not occur. Due to the increasing demand in the South American region from international brand name customers, the sales of outdoor high power speakers and sound bars exceeded the forecast, and accordingly, the year-to-date sales increased compared to the same period last year.

KYET is cautiously optimistic with respect to its 2013 operating prospects.

Unit: NT$'000

Consolidated Sales 2013 2012 Variance YoY
YTD Sales (up to February) 691,548 654,352 37,196 5.38%


Remarks: All the above-noted figures are extracted from the unaudited management accounts of the company, and the figures (in NT$) were arrived at from the conversion of the original functional currency (in HK$).

2013-01-21 KYET was re-awarded the “Excellent Co-operative Enterprise” Medal by LG Group
KYET was re-awarded the “Excellent Co-operative Enterprise” Medal by LG Group

KYET was re-awarded the “Excellent Co-operative Enterprise” Medal in January 2013 by LG Group. This reaffirms the recognition of KYET’s technical expertise and product quality by the globally renowned big name brands.

2012-11-02 KYET has fully received the proceeds from the issuance of additional shares from its Public Offering
KYET has fully received the proceeds from the issuance of additional shares from its Public Offering

KYET has fully received the proceeds from the issuance of additional shares from its Public Offering in November 2012 amounting to NTD405,000,000.