Shares of Sinyi Real Estate Inc (信義房屋) rose yesterday after the company announced the purchase of a building for use as its headquarters in Taipei's Xinyi District (
Shares of Sinyi, the nation's largest housing agent, surged 6.8 percent to close at NT$91 on the Taiwan Stock Exchange.
Shares of Yageo, which produces electrical parts that control electricity flow in computers and handsets, climbed 0.35 percent to NT$14.30 yesterday.
Investors welcomed news of the building sale, which was expected to add NT$0.34 to Yageo's earnings per share in the first quarter of this year.
In a filing with the stock exchange late on Thursday, Sinyi said that the purchase of the building next to the world's tallest skyscraper, Taipei 101, would help the company "become a model in providing property brokerage services in the Greater China region by 2012."
The company's headquarters are currently located on Dunhua S Road Sec 2. The company did not say when it would move to the new building.
Besides moving its headquarters, Sinyi will rent extra office space in the new building to other companies, the Chinese-language Commercial Times reported yesterday, citing Howard Chou (周莊雲), an associate manager at Sinyi.
The Chinese-language Economic Daily News carried a similar report yesterday. Both reports said the return was expected to be 4 percent to 4.5 percent, which would contribute at least NT$60 million to its income per year, citing Chou.
The 14-story building, with a floor area of 23,678m2 on a land parcel of 3,459m2, was purchased by Yageo for its headquarters in 1998.
Yageo rents out extra space to the Taiwan High Speed Rail Corp (台灣高鐵) for its headquarters, Yageo said in a filing with the stock exchange.
Following the building's sale to Sinyi, Yageo said it would focus on core business and create more shareholder value.
The company said it would earn NT$700 million from the deal, the statement read.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”