Wed, Feb 08, 2012 - Page 11 News List

[ BUSINESS BRIEFS ]

Staff Writer, with Agencies

TAIEX rebounds slightly

The nation’s benchmark index staged a mild rebound yesterday after a retreat in the previous session, but gains were capped amid renewed concerns over a possible default by debt-ridden Greece, dealers said.

The TAIEX closed up 19.46 points, or 0.25 percent, at 7,707.44. Turnover totaled NT$123.16 billion (US$4.16 billion).

Acer sues former CEO Lanci

Acer Inc (宏碁) sued its former president and chief executive, Gianfranco Lanci, in an Italian court for breaching a non-compete clause in his contract, the Taipei-based company said in an e-mail statement yesterday.

Acer said it believed its former CEO breached the non-compete clause when he left the company last year.

Yulon eyes larger revenues

Automaker Yulon Group (裕隆集團) yesterday said it was aiming to rake in NT$350 billion in revenues this year on strong vehicle sales and expansion across the Taiwan Strait.

The figure would represent a growth of about 25 percent from NT$280 billion last year, according to Yulon Motor Co (裕隆汽車) president Chen Kuo-rong (陳國榮).

He said the group aims to sell 5 percent, or 123,000 units, more vehicles in Taiwan this year from last year’s 114,000 units.

Vehicle sales from its Chinese joint ventures are projected to be 157,000 units this year, Chen added.

To cope with the increasing business, Yulon Group is set to hire 1,700 employees in Taiwan.

Chinatrust group posts profits

Chinatrust Financial Holding Co (中信金控) yesterday posted NT$1.64 billion in net profits last month, nearly triple the earnings from a month earlier on stronger sales of lottery tickets and wealth management products, it said in a statement.

The figures represented a 52 percent jump from the same period last year and translated into NT$0.15 earnings per share for the first month of this year, the statement said.

Macronix reports revenue drop

Macronix International Co Ltd (旺宏電子), which supplies memory chips for Japanese game console maker Nintendo Co, yesterday said revenues decreased 20.2 percent to NT$1.67 billion last month, down from NT$2.09 billion the previous month, according to an e-mailed company statement.

That represented an annual decline of 22.4 percent from NT$2.15 billion.

Chimei Innolux mulls loans

Chimei Innolux Corp (奇美電子), Taiwan’s largest maker of LCDs, is negotiating with banks for syndicated loans worth about NT$200 billion, chief financial officer Eddie Chen (陳彥松) said yesterday.

Most of the loans would be denominated in New Taiwan dollars and the rest in US dollars, Chen said. Chimei Innolux, based in Miaoli, paid the interest on a loan due last month and has included the unpaid principal of about NT$5 billion to NT$6 billion in the current loan talks, he said.

A consortium of banks might sign a loan with Chimei Innolux as early as next month, Susan Chang (張秀蓮), chairwoman of state-owned Taiwan Financial Holdings Co (台灣金控), said yesterday in comments broadcast on UNIQUE TV (非凡電視台).

NT dollar strengthens 0.1%

The NT dollar strengthened as foreign investors added to holdings of local stocks on optimism the nation’s economic growth will remain intact.

The local currency strengthened 0.1 percent to NT$29.570 against its US counterpart, according to Taipei Forex Inc.

Turnover amounted to US$794 million.

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