Taiwan-based ODM Wistron will invest MYR110 million (US$37 million) to establish a wholly owned subsidiary maker of LCD TVs in Malaysia, Wistron Technology (Malaysia), as well as US$20 million to establish a wholly owned subsidiary making notebooks in Chongqing City, western China, tentatively named Wistron InfoComm (Chongqing), according to the company.

The Malaysia subsidiary is expected to kick off volume production at the end of 2011 or early 2012, becoming Wistron's third LCD TV factory next to one in southern China and another in the Czech Republic. The Chongqing subsidiary will begin volume production in the third quarter of 2011.

Wistron's board of directors has decided to raise additional paid-in capital through issuing up to 250 million new shares for sale on the Taiwan Stock Exchange or floating GDRs (Global Depositary Receipts). The board also decided to distribute a dividend per share of NT$3.70, NT$3.20 in cash and NT$0.50 in stock, for 2010, accounting for 60.16% of Wistron's 2010 net EPS of NT$6.15.

In addition, Wistron has released its audited financial report for the first quarter of 2011, with consolidated revenues of NT$137.288 billion (US$4.64 billion), gross margin of 5.18%, net operating profit of NT$2.270 billion, net profit of NT$2.012 billion and net EPS of NT$1.02.