Nien Made : Announcement on behalf of Billion Coins,a material subsidiary of Nien Made for BoD has resolved direct or indirect investment plan reaches over 20% of the capital.
Announcement on behalf of Billion Coins,a material
subsidiary of Nien Made for BoD has resolved direct or
indirect investment plan reaches over 20% of the capital.
Date of events
2022/07/27
To which item it meets
paragraph 15
Statement
1.Date of the resolution of the board of directors or
shareholders meeting:2022/07/27
2.Content of the investment plan:
As of 27th Jul. 2022,Board of Directors of Billion Coins Development Limited
, a material subsidiary of Nien Made has resolved and transferred total
accumulative investment funds USD57,205,000 to Norman Mexico Company Limited
3.Projected monetary amount of the investment:USD 57,205,000
4.Projected date of the investment:2022/07/27
5.Source of capital funds:Equity capital.
6.Specific purpose:In order to expand the operation of Nien Made Group's
manufacturing base.
7.Any other matters that need to be specified:Nien Made's Board of Directors
has resolved a total accumulative investment funds USD80,000,000
on 21th Jun. 2022. As of 27th Jul. 2022, the total accumulative investment
funds are USD 57,220,000 which was transferred from
Billion Coins Development Limited and New Legend Enterprises Limited,
two material subsidiaries of Nien Made.
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Nien Made Enterprise Co. Ltd. published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 09:31:04 UTC.
Nien Made Enterprise Co., Ltd. is a Taiwan-based company principally engaged in the production and sales of curtains and curtain parts. The Company's main products include shutters, soft shades and blinds. The Company distributes its products in domestic market and to overseas markets, such as the Americas and Europe.
Nien Made : Announcement on behalf of Billion Coins,a material subsidiary of Nien Made for BoD has resolved direct or indirect investment plan reaches over 20% of the capital.
NIEN MADE ENTERPRISE CO., LTD. 
