Lite-On Reduces 30% Capital

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Press Releases

2006/11/15

Lite-On Reduces 30% Capital

Lite-On Technology, the world's largest NB adapter maker, announced a NT$8.73B capital reduction program to enhance shareholder value and optimize capital structure.

Lite-On has been successfully executing “Profitable Growth Strategy” in the last two years. With increasing confidence in earnings growth and earnings quality, as well as solid balance sheet with strong net cash position and low gearing, Lite-On set precedence in the industry and reduced 30% capital, to protect and maximize shareholder value.

Lite-On has been executing generous dividend payout policy and maintained at 72% since 2002. The cash dividend increased from NT$1.40 in 2003 to NT$2.40 in 2005. Over 5.5% cash yield this year is the highest among peers. After reduce 30% capital, it should be over 12% next year.