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■ Jih Sun to sell shares
Jih Sun Financial Holding Co (日盛金控), the nation's second smallest financial group, planned to raise as much as NT$3.2 billion (US$97.05 million) by selling 400 million shares at NT$8 per share in a private placement, the company said in a filing yesterday.
The fundraising will be made after it cuts its paid-in capital by NT$13.71 billion, or 33.75 percent, to make up its huge loss and strengthen financial structure, the filing read.
After the capital reduction, the company will have NT$26.92 billion in capitalization.
Jih Sun Financial declined to comment if it has found new interested investor, or if its strategic partner Shinsei Bank of Japan, which currently controls 31.8 percent of the company, will raise their investment.

■ GRETAI to hold roadshow
The GRETAI Securities Market will lead 10 listed firms to hold its first international roadshow in May in cooperation with US investment bank JP Morgan to promote local companies to interested foreign investors, chairman Lu Daung-yen (呂東英) said yesterday.
The participant firms, including Powerchip Semiconductor Corp (力晶半導體), that have agreed to join the briefings to take place in London on May 8 and in New York on May 10 all enjoy a market value exceeding US$100 million and ideal corporate governance, Lu said.

■ Taiwan dollar strengthens
The New Taiwan dollar firmed against the US dollar on the Taipei Foreign Exchange yesterday, gaining NT$0.019 to close at NT$32.974 on turnover of US$909 million.

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