E.Sun Financial Holding Co (玉山金控) yesterday announced that it was forming a partnership with Singapore-based Temasek Holdings Ltd, selling US$400 million of convertible bonds to Asia Financial Holdings Pte Ltd, Temasek's wholly owned subsidiary.
Asia Financial Holdings -- which will make the investment through its 100 percent-controlled subsidiary Adahlis Holdings BV -- will become E.Sun Financial Holding's largest institutional shareholder, with a 15 percent stake, after the conversion of bonds is completed in 2008, E.Sun Financial's spokesman Tu Wu-lin (
Asia Financial Holdings will gain one seat on E.Sun Financial's 13-member board in the shareholders meeting in June after converting the bonds into a 5 percent stake at NT$21.21 per share in one month, Tu said.
The Singaporean firm could obtain a total of two to three seats following the conversion of the rest of the bonds at NT$24.36 per share two years from now, he added.
E.Sun Financial will use the proceeds to strengthen its capital adequacy ratio and for potential merger and acquisition (M&A) activities, Tu said.
"We will not give up any M&A opportunities in the future to sustain our development," he said.
He declined to say whether the company was engaged in any merger talks at the moment.
"We are positive about the partnership amid the recent lackluster [performance of the] finance sector," said Vincent Chang (
Separately, Taishin Financial Holding Co (台新金控) yesterday signed contracts with Newbridge Capital of the US and Nomura Group of Japan, which had agreed to invest a combined NT$31 billion in the local finance group through a private placement last month.
The deal will enable Taishin Financial to strengthen its capital structure and adequacy while building up its leading position in the nation's finance sector, the company said in a statement released yesterday.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
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