Sat, Jul 12, 2014 - Page 14 News List

Taiwan Business Briefs

Staff writer, with agencies

Capella agrees to buyout

Capella Microsystems (Taiwan) Inc (凌耀科技), which designs ambient-light sensors, yesterday said its board has agreed to a NT$6.05 billion (US$201.7 million) buyout proposal from US company Vishay Intertechnology Inc.

Vishay offered to buy Capella shares at NT$139 per share, representing a 22 percent premium compared with Capella’s closing price of NT$114 yesterday.

Capella Microsystems president Shih Cheng-chung (施振強) said the deal would help the new company develop sensors used in industrial devices, cars and the Internet of Things.

The transaction is expected to be completed in January next year, according to a company statement filed with the Taiwan Stock Exchange.

Quanta shares drop 2.75%

Shares of Quanta Computer Inc (廣達), the world’s largest contract notebook computer maker, shed 2.75 percent to close at NT$85 yesterday in Taipei trading after a report that company chairman Barry Lam (林百里) sold 30 million Quanta shares last month, lowering his stake to 10.76 percent from 11.54 percent.

The company on Thursday reported that sales for last month rose 2.4 percent from May and 4.8 percent from a year earlier to NT$71.8 billion, due to an increase in orders for laptops.

The company said it shipped 11.5 million laptops in the April-to-June quarter, an increase of 9.5 percent from 10.5 million units shipped in the previous three months.

In the first half of the year, cumulative sales totaled NT$430.34 billion, up 10.82 percent year-on-year, the company said.

Synnex’s revenue slides

Impacted by sliding sales of consumer electronic products, Synnex Technology International Corp (聯強), Asia’s largest distributor of information technology products and electronics components, on Thursday posted revenue of NT$24.46 billion, down 5.57 percent from May and 5.97 percent from a year earlier, the company said in a statement.

The weaker-than-expected sales last month pushed the company’s second-quarter revenue down 0.7 percent quarter-on-quarter and 1.5 percent year-on-year to NT$77.87 billion.

In the first half of the year, cumulative revenue increased 2 percent to NT$155.8 billion from the same period last year, the company said.

Relaxations to aid fund houses

The Financial Supervisory Commission on Thursday announced regulatory relaxations that would allow fund houses to trade gold, minerals and other commodities on the spot market with privately raised funds.

The opening is intended to give fund houses more investment flexibility, but the new investments must not exceed 40 percent of their net worth, the commission said.

Investments on the spot market and related securities may equal 100 percent of their net worth.

Fund houses may also invest in financial derivatives — such as futures and options — which target gold, minerals and other commodities, the commission said, capping such investments at 40 percent of the fund’s net worth.

Hung Sheng to sell new building

Hung Sheng Construction Co (宏盛建設) is to sell a new grade-A office building on Nanjing E Road in Taipei with an asking price of NT$20 billion, or NT$1.6 million per ping (3.3m2), property broker DTZ said on Thursday.

The building has 20 floors above ground and another five stories underground, in addition to 160 parking spaces, DTZ said.

Total floor space measures 11,350 ping on a 987 ping plot of land, the broker said.

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