Chinatrust Financial Holding Co (齌蝁旄) yesterday broke ground for its new corporate headquarters, located in Taipei＊s Nangang Economic-Trade Park (欬╮枔湳禤洁).
It will be the city＊s biggest ever single corporate project and is scheduled for completion in 2012 at a minimal cost of NT$15 billion (US$449.4 million).
The new headquarters sit on a 9,000 ping (29,752m昆) plot of land, 4,800 ping of which will be open public space, Chinatrust chairman Jeffrey Koo (迖眵撂) told a ground-breaking ceremony.
Once completed, 6,000 employees will work in two of the project＊s office buildings, a 30-story tower and a 20-story tower, he said, adding that the city＊s Nangang mass rapid transit (MRT) line will have a station next to the building. The remaining 14-story building will be leased and there will be a business hotel from the fifth floor to the top, while a shopping mall will cover the first four floors, the bank＊s press statement said yesterday.
To make the lives of the district＊s residents better, the bank will also provide financial support for a 3,641-ping park nearby as well as opening the corporate headquarters＊ own ※green space§ to the public, Koo said.
Koo said that he hoped the new headquarters would mark a milestone for the financial service provider＊s future development by enhancing its operational efficiency and by cutting electricity costs by millions of NT dollars as a solar energy system will be installed.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
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