Sat, Dec 25, 2010 - Page 11 News List

[ BUSINESS BRIEFS ]

Staff writer, with Agencies

TAIEX dips on profit taking

The TAIEX closed down 0.42 percent yesterday on profit taking from a previous session as investors took cues from a lackluster performance on Wall Street overnight, dealers said.

The TAIEX fell 37.77 points to 8,861.10, after moving between 8,861.01 and 8,911.41, on turnover of NT$120.77 billion (US$120.04).

A total of 2,911 stocks closed down and 1,278 up, while 348 remained unchanged.

First Commercial inks deal

First Commercial Bank (第一銀行) signed an agreement for cooperation on financial business with Bank of China Ltd (中國銀行), parent First Financial Holding Co (第一金控) said in a statement to the Taiwan Stock Exchange yesterday.

The agreement came after Chinatrust Commercial Bank’s (中國信託商銀) board on Thursday approved a plan to sign a memorandum of understanding with the Chinese bank on cooperation.

Mega International Commercial Bank Co’s (兆豐國際商銀) board on Wednesday approved plans to cooperate with the Chinese lender on syndicated loans, factoring and personnel training.

Hota gets loan deal

Hota Industrial Manufacturing Co (和大工業) got a seven-year NT$1.5 billion loan from a group of lenders to help repay debt and boost working capital, Land Bank of Taiwan (土地銀行) said in a statement on its Web site yesterday.

Acer wins design awards

Acer Inc (宏碁), the world’s No. 3 PC brand, yesterday said it bagged four coveted prizes at Germany’s 2011 iF product design awards with the Acer Aspire 8943G notebook, Acer C20 pico palm-sized projector, Packard Bell EasyNote Butterfly notebook as well as the 23-inch high-definition Gateway FHD2303L LED monitor.

Of these winning products, the Acer Aspire 8943G — a notebook that uses Dolby home theater solutions and has an aluminum magnesium cover and keyboard — has won three other major awards, namely Japan Good Design, Computex Taipei Design & Innovation Gold and Computex Best Choice.

The Gateway FHD2303L also received a Japan Good Design award.

Techvest in share buy-up

Taiwan PCB Techvest Co (志超科技), a local supplier of electronic components and printed circuit boards, agreed to buy as much as NT$250 million of Yeu Hwan Technology Corp (宇環科技) shares in a private placement, Taiwan PCB said in a statement to the stock exchange yesterday.

Evergreen in executive reshuffle

Evergreen Marine Corp (長榮海運) named company president Wang Chung-jinn (王宗進) as vice chairman, replacing Jack Yen (顏火燿), effective on Jan. 1, the company said in a statement to the Taiwan Stock Exchange yesterday.

Anchor Chang (張正鏞), chief executive vice president, has been promoted to Wang’s former position, the company said in a separate statement.

Wal-Mart invests in 360buy

Chinese online retailer 360buy Jingdong Mall (京東商城) received more than US$500 million from investors including Wal-Mart Stores, Inc, the China Business News reported yesterday, citing the company’s CEO Li Qiangdong (劉強東).

NT dollar holds steady

The New Taiwan dollar closed unchanged at NT$30.485 against the US dollar yesterday.

Dealers said Taiwan’s central bank intervened in the local foreign exchange market again in late trade. Turnover totaled US$628 million during the trading session.

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