Sunrise Department Store (中興百貨) has bounced checks worth NT$300 million (US$9.3 million), affecting nearly 100 of its suppliers, a Central News Agency report said yesterday, without citing a source.
The report said that the department store plans to hold a meeting tomorrow to allay suppliers' concerns.
It said that the retail operator might close half of its store in Hsinchu.
Sunrise denied the report, saying operations at its Taipei and Hsinchu stores remained normal.
The retailer also said it had no financial problems.
The news of Sunrise's alleged deteriorating financial health came after Idee Department Store (衣蝶百貨), an affiliate of the debt-ridden China Rebar Co (中國力霸), failed to attract interest bidders on Monday to help sustain its operations.
Shinkong Synthetic Fibers Corp (
China Rebar is expected to hold an extraordinary shareholders' meeting today to decide whether to take Shinkong's offer.
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Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
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