Jye Tai Precision Industrial Co (捷泰精密) plans to auction off its I-chin office building (宜進大樓), located at the intersection of Songjiang Road and Minquan E Road, with a minimum bidding price of NT$1.78 billion (US$56.5 million), the auction’s organizer DTZ (戴德梁行) said yesterday.
The auction is scheduled to take place on Sept. 29, DTZ general manager Billy Yen (顏炳立) said.
The 12-story building sits on a 439 ping (1,451.24m²) plot of land and has a total floor area of 3,020 ping, the real-estate consultancy firm said yesterday.
The board of Jye Tai Precision yesterday gave its approval for the sale.
The sale is expected to bring in a minimum premium of NT$220 million for Jye Tai Precision after it spent NT$1.56 billion to acquire the building last June.
DTZ said the building had a great location, with an MRT station across the street expected to be completed by next year.
Office space in the building’s vicinity costs between NT$550,000 and NT$600,000 per ping, with a rental price leveling around NT$1,800 per ping, DTZ said.
Local Chinese-language media had previously speculated that the company had hoped to put the building on the market for more than NT$2.4 billion shortly after President Ma Ying-jeou (馬英九) took office, but cut the bidding price following the recent slowdown in the local property market.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
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
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. However, while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray themselves as workers or subcontractors in the luxury goods business claim that Beijing has lifted confidentiality clauses on local subcontractors as a way to respond to the huge hike in customs duties imposed on China by US President Donald Trump. They say this Chinese decision, of which Agence
RSS