Shanghai Commercial board approves cash dividend of NT$1.8 per share

Taiwan-based Shanghai Commercial and Savings Bank (SCSB, 上海商業儲蓄銀行) on Saturday said its board of directors had approved a proposal to pay a cash dividend of NT$1.8 per share.
The board also voted to sell NT$3 billion (US$104.85 million) of subordinated debentures this year to increase SCSB’s working capital, the bank said in a Taiwan Stock Exchange (TWSE) filing.
SCSB is to have its annual general meeting on June 17, at which it would seek shareholders’ approval for the two proposals, it said.
The bank reported earnings per share of NT$3.19 for last year, up from NT$3.01 the previous year. The proposed dividend represents

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