Yageo bullish about Q3BROADER VIEW: Yageo chairman Pierre Chen said the firm is benefiting from growing demand for high-end passive components from Europe, Japan and the USBy Lisa Wang / Staff reporterYageo Corp (國巨), the world’s No. Yageo Corp chairman Pierre Chen poses for a photograph at the company’s annual general meeting in New Taipei City’s Xindian District yesterday. Orders and customer demand are keeping good momentum,” Chen said. To cope with robust customer demand, Yageo expects capital spending to make up 33 percent of the company’s earnings before interest, taxes, depreciation and amortization this year, and 28 percent next year, before slipping below 20 percent in 2023. Yageo shareholders yesterday approved a planned distribution of NT$10 per common share, including NT$2 per share from its capital surplus.

Source: Taipei Times July 07, 2021 15:56 UTC