Advantech replaces Yulon
Leading local automaker Yulon Motor Co (裕隆) has been removed from the FTSE TWSE Taiwan 50 Index, making way for industrial computer maker Advantech Co (研華) after a quarterly review by the Taiwan Stock Exchange Co (TWSE) and FTSE Group. Despite being dropped from the top-50 index, Yulon Motor has been added to the FTSE TWSE Taiwan Mid-Cap 100 Index. The adjustments are scheduled to take effect on June 23, the TWSE said.
Alchip applies to TWSE
Chip designer Alchip Technologies Ltd (世芯) has filed an application with the TWSE for a primary listing, the exchange said on Saturday. According to Alchip’s prospect, the company is planning to issue 7.68 million new shares for the listing at NT$67 per share in a bid to raise NT$514.6 million (US$17.1 million). The fundraising is scheduled to be completed in the fourth quarter of this year, Alchip said.
Land Bank set for Wuhan
The Financial Supervisory Commission said on Saturday that it has approved an application filed by Land Bank of Taiwan (土地銀行) to open a branch in Wuhan, Hubei Province, China. Land Bank already has a branch in Shanghai.
TSMC head voted best boss
Taiwan Semiconductor Manufacturing Co (台積電) chairman Morris Chang (張忠謀) topped a list of “dream bosses” for first-time jobseekers, with 39.1 percent of respondents voting for him, online human resources agency yes123 said on Saturday. Wowprime Corp (王品) chairman Steve Day (戴勝益) came in second with 37.1 percent of the vote.