TAIEX slides on retreat
Shares closed 1.43 percent lower yesterday on the back of the retreat in major regional markets during morning trade, dealers said.
The TAIEX closed down 114.68 points at 7,888.63, on turnover of NT$108.29 billion (US$3.28 billion).
The New Taiwan dollar rose NT$0.023 to close at NT$33.136 against the US dollar, on turnover of US$1.46 billion.
TTV shares to go on sale soon
The government is scheduled to start offering shares of the Taiwan Television Enterprise (TTV, 台視) to the public at NT$12 per share, starting from May 15 to June 22.
There will be more than 54 million shares, or a 19.46 stake in TTV, offered to the general public, Liu Chen-lo (劉振樂), vice president of Taiwan Cooperative Bank (合作金庫銀行), said yesterday.
The government will also offer 2.16 percent of TTV shares at NT$10.8 per share to TTV employees as stock options, Liu said.
The share sale is expected to be completed by the end of August, he added.
Investors eye China United
The Financial Supervisory Commission is mulling halting the government's takeover of China United Trust and Investment Corp (中聯信託) as a foreign investor is offering to plow over NT$10 billion (US$302 million) into the debt-ridden lender.
A foreign asset management firm has expressed its long-term investment interest in China United, commission Chairperson Susan Chang (張秀蓮) said yesterday.
The company plans to explore more investment opportunities in the local market if the acquisition is successful, Chang said.
Just a few years ago, the millennial generation — generally defined as those born from the early 1980s through the mid-1990s — was synonymous with youthful rebellion. However, now, as the millennials ease into early middle age, they are finding their path out of their parents’ basement to be a lot harder than it was for earlier generations. The fundamental problem is that millennials are not building wealth. The wealth of the median US household headed by someone 35 or younger has actually shrunk in inflation-adjusted terms since the mid-2000s, even as the wealth of older Americans has continued to grow. An
Apple Inc’s decision to stop using Intel Corp processors in its Mac computers and switching to its own chips might benefit Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and boost Taiwan’s high-tech exports, Australia and New Zealand Banking Group (ANZ) said in a note on Tuesday. The US tech giant announced the “Apple silicon” initiative at its annual Worldwide Developers’ Conference, which started on Monday. The company said the first Mac powered by its own chips would debut by the end of this year and all product lines might shift to the new architecture in the next two years. TSMC is likely to
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price