Fri, Jul 04, 2014 - Page 14 News List

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Staff writer, with CNA

Hon Hai units see shares rise

Shares of Hon Hai Group’s (鴻海集團) telecom equipment manufacturing subsidiaries rose yesterday after the National Communications Commission (NCC) approved the group’s plan to buy equipment overseas to set up base stations for its 4G network.

Among the Hon Hai units, Microelectronics Technology Inc (台揚) shares gained 7 percent to close NT$19.05, Tai Tung Communication Co (台通) added 6 percent to NT$68.90 and CyberTAN Technology Inc (建漢) rose 1.75 percent to NT$31.95, while Hon Hai Precision Industry Co (鴻海) ended up 0.97 percent at NT$104 in Taipei trading.

Giga posts record revenue

Giga Solar Materials Corp (碩禾), a provider of conductive materials for solar cells, yesterday said its revenue rose 4.46 percent last month from May to hit a record NT$778.8 million (US$26 million). Last month’s figure was 137.74 percent higher than a year earlier, the company said in a filing to the Taiwan Stock Exchange.

Revenue from January to last month totaled NT$4.23 billion, increasing 94.63 percent from the same period last year, the filing showed.

Sales up for clothing group

Makalot Industrial Co (聚陽), a diversified garment manufacturer for global brands and major clothing retailers, yesterday said that monthly sales rose 5.53 percent to NT$1.49 billion last month from May, but edged down 0.22 percent from a year earlier.

Makalot’s cumulative revenue from January through last month totaled NT$9.57 billion, representing a 13.63 percent year-on-year rise, Makalot said.

Bulk shipper sees annual rise

Wisdom Marine Lines Co Ltd (慧洋海運), one of the nation’s major bulk shippers, yesterday posted NT$723.08 billion in sales for last month, down 4.35 percent from May, but up 4.42 percent from June last year, the company’s stock exchange filing showed.

For the first half of the year, Wisdom Marine saw its cumulative sales rise 7.39 percent from a year earlier to NT$4.34 billion, the company said.

Fubon to sponsor LPGA event

Fubon Financial Holding Co (富邦金控) will sponsor the Taiwan leg of the LPGA tour through 2016, it said yesterday.

The Fubon LPGA Taiwan Championship is to be held at Linkou Miramar Golf Country Club in New Taipei City from Oct. 30 to Nov. 2, with 81 players to compete for a total purse of US$2 million, organizers said.

Tournaments since 2011 had been hosted by the Sunrise Golf and Country Club in Taoyuan County under a three-year contract with the US-based LPGA, but Sunrise chairman Hsu Tien-ya (許典雅) decided to end sponsorship over financial considerations.

New flight route announced

China Airlines Ltd (CAL, 中華航空), the nation’s largest carrier, yesterday launched direct flights to Yantai City in China’s Shangdong Province, flying every Monday and Thursday from Taiwan Taoyuan International Airport.

Yantai and three other new routes to Changchun, Hefei and Xuzhou have been added to the airline’s cross-strait network to provide passengers more flexible flight options, CAL chairman Sun Huang-hsiang (孫洪祥) said.

SinaPac expanding in China

SinoPac Financial Holdings Co (永豐金控) yesterday opened a financial leasing company in Tianjin, China.

Alongside a Nanjing subsidiary that opened in 2011, the new unit is expected to broaden SinoPac Financial’s leasing business coverage from southern China to the north and even into the northeast, the company said.

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