Shin Kong Life Insurance Co (新光人壽) announced its purchase of another office building in the Neihu Technology Park (內湖科技園區) yesterday, making the insurer one of the largest landlords in the Taipei science park with a total of nine office buildings in its investment portfolio.
Shin Kong Life, a subsidiary of Shin Kong Financial Holding Co (新光金控) and the nation’s second-largest life insurer, said it had bought the nine-floor First International Computer Inc (大眾電腦) building for NT$3.03 billion (US$91.9 million).
The sum compares with appraisals made by DTZ Debenham Tie Leung (戴德梁行) of NT$3.09 billion and Top Real Estate Appraisal Firm (尚上不動產) of NT$3.05 billion, Shin Kong Life said in a stock exchange filing yesterday.
The company said it would lease the building back to First International Computer for three years.
It did not specify in the filing how much yearly fixed rental income it expected to receive.
Shin Kong Life’s latest real estate investment came after the company announced on Friday that it had purchased the 12-floor Primax Electronics Ltd (致伸科技) building in the science park for NT$2 billion.
The insurer is likely to add another office building to its portfolio this week, Shin Kong Life’s vice chairman Wu Chia-lu (吳家錄) said over the weekend, as the firm seeks satisfactory investment returns for shareholders.
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
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
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
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS