Thu, Sep 14, 2006 - Page 11 News List

Business Briefs

STAFF WRITER WITH AGENCIES

■ Index to drop Quanta

Taiwan Stock Exchange Corp and FTSE International Limited (FTSE) announced yesterday that as Quanta Display Inc (廣輝電子) will be acquired by AU Optronics Corp (友達光電), the world's third-largest maker of liquid-crystal-display (LCD) panels, Quanta's stock will be removed from the TSEC Taiwan 50 Index, effective from next Wednesday.

Quanta Display's vacancy will be filled by Largan Precision Co (大立光), as the nation's leading maker of camera lenses has the 51st highest market capitalization among listed companies in Taiwan, the stock exchange said.

Largan is now included in the TSEC Taiwan Mid-Cap 100 Index, and its position in the index will be filled in by Kinki Co (中國砂輪), a grinding wheel maker, the exchange said.

As Quanta is also included in the TSEC Taiwan Technology Index, the company will be deleted there also, the exchange said.

■ TV station for kids to debut

Nickelodeon Networks Asia and Taiwan's Eastern Broadcasting Co (東森電視) have joined forces to debut "YoYo Nick," a three-hour localized Nickelodeon-branded programming block for kids in Taiwan to be aired on Monday.

Children will be able to enjoy the Mandarin-language versions of Nickelodeon's popular animations on Eastern Broadcasting's dedicated children's channel, YoYo TV.

■ NT rises against greenback

The New Taiwan dollar gained more ground against its US counterpart, advancing NT$0.017 to close at NT$32.897 on the Taipei foreign exchange market.

Turnover was US$680 million.

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