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Uni-President boosts cash

Uni-President Enterprises Corp (統一企業), the nation's largest food conglomerate, said yesterday it would invest an additional US$8.4 million in its 100-percent owned subsidiary Shanghai President International Foods Corp (上海統泰食品).

The Shanghai-based company, which manufactures and distributes food including cookies, has paid-in capital of US$13 million, Uni-President's filing to the Taiwan Stock Exchange said.

First Financial denies report

First Financial Holding Co (第一金控), the nation's fifth-largest financial services company by assets, denied yesterday it had sent an evaluation report of its planned acquisition of Taiwan Business Bank (台灣企銀) to the Ministry of Finance.

"It's not true," First Financial said in a statement yesterday.

Without citing sources, the Chinese-language Economic Daily News reported yesterday that First Financial had completed the evaluation and was interested in buying two other brokerage houses, including President Securities Corp (統一證券).

Nanya approves share sale

Nanya Technology Corp (南亞科技), the nation's No. 2 maker of computer memory chips, yesterday said its board approved the proposed sale of a maximum 500 million new shares to fund its first advanced 12-inch plant, which is now under construction.

Nanya Technology said it expected the NT$80 billion (US$2.4 billion) plant to start production in the fourth quarter of this year.

The new plant will make a maximum of 60,000 wafers per month.

The chipmaker operates two less-advanced 8-inch plants and owns 45 percent of a 12-inch plant under Inotera Memories Inc (華亞科技), a joint venture between Nanya Technology and Infineon Technologies AG.

Dumping probe to end in July

The Ministry of Economic Affairs' International Trade Commission said yesterday that it would conclude its dumping investigation of Chinese shoe imports by mid-July.

The Ministry of Finance has imposed a 43.46 percent provisional anti-dumping duty on some Chinese shoemakers since March.

The duty was put into effect at the behest of three local shoemaking associations last August.

The association claimed that shoes imported from China have taken a market share of greater than 50 percent in Taiwan and caused significant losses among local footwear makers.

The trade commission also said it would conclude an investigation into the large-scale imports of uncoated printing and writing paper from China, Japan and Indonesia by the end of July.

The economics ministry said that the dumping margin of imported Japanese uncoated paper is 37.74 percent, that of Indonesian uncoated paper is 2.26 percent and that of Chinese uncoated paper is 22.41 percent.

Samsung to supply LCD screens

Samsung Electronics Co will start supplying liquid-crystal-display (LCD) screens to Nokia, the world's largest maker of mobile phones, reports said yesterday.

Samsung will start selling the screens as early as the second half of this year and is expected to initially provide more than 20 million units per year, the Electronic Times said, citing an unidentified Samsung official.

Last year alone, Samsung sold 92 million small-sized LCDs. Under the new deal, Samsung may increase its annual output by an additional 50 million units, the report said.

The move comes as Nokia tries to diversify its suppliers beyond Japan and as Samsung tries to fend off rival panel makers in Asia, South Korea's Yonhap news agency said.


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