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Business Briefs
STAFF WRITER, WITH AGENCIES
Friday, May 04, 2007, Page 11
Ritek plans spinoff
Local optical-disk maker Ritek Corp (錸德) yesterday said it planned to spin off its optronics unit and expected the new business to generate NT$100 million in earnings and NT$500 million to NT$600 million in revenues this year, a report by the Chinese-language online news provider cnyes.com (鉅亨網) said, citing Ritek spokesman Eric Ai (艾元瑞).
The optronics unit will make up 2.5 percent of Ritek's total revenues, and the spinoff will take effect on Aug. 31, Ritek said, adding that it planned to list the new unit on the GRETAI Securities Market in future.
Healthy donuts launched
Mister Donut Taiwan Co (統一多拿滋) yesterday marked the opening of its 21st store near the Guting mass rapid transit station by unveiling low-calorie ball-shaped donuts. The donut firm uses high-fiber, sugar-free soybean milk to produce the latest series of confectioneries, company president Kitami Tadashi said.
The firm plans to open up to 40 stores this year and 100 shops by 2009.
"The nation's donut market has heated up again after Dunkin' Donuts entered the market," he said.
The US brand staged a comeback in January and looks to expand to 10 stores this year. It currently has four outlets, all located in the capital.
NT dollar advances
The New Taiwan dollar gained ground against the US dollar on the Taipei foreign exchange market yesterday, advancing NT$0.005 to close at NT$33.281.
Turnover was US$919 million.
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