Inventec Besta Co (無敵科技), a leading electronic dictionary maker, made its debut on the Emerging Stock Market (興櫃市場) yesterday and is planning to apply for listing on the Taiwan Stock Exchange in the first half of next year.
Shares of Inventec Besta were at NT$62.8 (US$1.93) yesterday.
Founded in 1989 with capital of NT$639.49 million, Inventec Besta is a subsidiary of Inventec Corp (英業達集團). Inventec Besta offers a wide range of electronic dictionaries, including English-Chinese, Chinese-Japanese, English-Korean, English-Malay, English-Thai and English-Arabic.
Inventec Besta acquired Hong Kong's Golden Atom Holdings Ltd (好易通集團) in 2000, and later established its Hong Kong and Chinese units to expand its business in the Greater Chinese region.
The company's market share is estimated to exceed 50 percent, Robert Lee (
Riding on the wave of English learning in Asia, the company has seen steady business. Last year, Investec Besta posted NT$232 million in after-tax earnings, or NT$2.64 per share, on sales of NT$2.91 billion.
About 60 percent of the sales came from exports to South Korea, Lee said.
Besides electronic dictionaries, Investec Besta has also developed other product lines, such as personal digital assistants, digital music players and digital video cameras.
For next year, Investec Besta plans to tap the digital music service
business in Taiwan, Hong Kong and China, Lee said. The company is mulling
working with mobile handset makers to allow users to listen to music from
their cellphones, Lee said. He refused to elaborate.