Magnate Technology Co Ltd (晟田科技工業), which manufactures aerospace components and assembly products in Taiwan, is scheduled to list on the GRETAI Securities Market next month to raise funding for plant construction.
Magnate Technology might set its preliminary price at about NT$40 per share, according to market estimates, a 30 percent discount from its closing price of NT$55.99 on the Emerging Stock Market yesterday. Shares rose 1.16 percent yesterday.
Following an estimated 29,226 aircraft worth US$4.84 trillion to be delivered to countries around the world from last year to 2032, the expected rising demand has made the company move ahead with the third-phase construction of its plant.
“We will use most of the funding received through the listing for capital expenditure,” chairman Young Hsieh (謝永昌) told a media briefing.
The steady increase in demand could help the company post double-digit growth in its consolidated revenue this year, from the sales of NT$895.68 million (US$29.79 million) it posted last year, Hsieh added.
Magnate Technology saw net income last year total NT$98.65 million, or NT$2.23 per share. For the first three months of the year, the company posted NT$26.01 million, or NT$0.59 per share, in net profit, according to its financial statement.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
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