Computex hopes boost TAIEX
The TAIEX rose 21.60 points, or 0.24 percent, to 8,810.00 yesterday on turnover of NT$96.30 billion (US$3.34 billion) as follow-through buying continued to lift the bellwether electronics sector on expectations that Computex Taipei 2011, Taiwan’s largest computer fair set to open next week, will boost local consumption, dealers said.
Apple Inc’s official release of its iPad 2 tablet devices in Taiwan yesterday also kept high-tech shares in the market spotlight, they said.
Cheng Uei sells SolLink shares
Cheng Uei Precision Industry Co (正崴精密) will book a NT$482 million gain from the sale of 50 million shares in SolLink Inc (高強光電) to Qualcomm Global Trading Inc on Thursday, according to a statement to the Taiwan Stock Exchange.
SolLink makes energy saving flat panels using Qualcomm’s Mirasol technology.
In its filing, Cheng Uei said the share sale aimed to match the changes in its investment strategies. The company said it sold the SolLink shares at NT$21.60882 each, or a total of NT$1.08 billion.
Solargiga secures loans
Local solar wafer maker Solargiga Energy Holdings Ltd (陽光能源) yesterday obtained US$75 million in syndicated loans from 11 banks, led by the Industrial Bank of Taiwan (IBT, 台灣工銀) and BNP Paribas, according to a statement released by IBT.
Solargiga, which trades its shares on Hong Kong and Taiwan’s stock markets, plans to use the loans to fund its operation after businesses increased.
G-Tech files for TAIEX listing
G-Tech Optoelectronics Corp (正達國際), which makes cover glasses used in touch-panel displays, yesterday filed an application to trade its shares on the TAIEX, the stock exchange said in a statement.
G-Tech was the 13th local company to file for listing on the main bourse this year.
G-Tech, which has NT$2.11 billion in share capital, made NT$490 million in pre-tax profits last year
Chinese firms face dumping tax
Taiwan will levy provisional anti-dumping tax on Chinese makers of Portland cement type I, type II and clinker from Monday, the Ministry of Finance said in a statement on its Web site yesterday.
A final decision will be made within 60 days. The ministry said it would impose a 95.26 percent tax on imports from Daewoo Cement (Shandong) Co and 95.29 percent on other Chinese cement makers.
Formosa factories to close
The Yunlin County Government has requested Formosa Plastics Corp (台塑), the nation’s biggest maker of polyvinyl chloride, or PVC, to shut down two factories in Mailiao (麥寮) that had fires on May 12, and fined the company NT$2 million for air pollution.
The county government said in a statement that they found gas leakage from the plants.
Formosa said in a statement filed to the stock exchange that it would file a statement in response after receiving an official notification.
NT dollar hits 2-month low
The New Taiwan dollar dropped the most this week in more than two months after overseas investors trimmed holdings of the nation’s stocks on concern a slowdown in China’s economy will hurt demand for exports.
The NT dollar weakened 0.4 percent this week to NT$28.888 against its US counterpart, according to Taipei Forex Inc. The currency strengthened 0.2 percent yesterday.