Wed, Sep 23, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer

LEASING SERVICES

Chailease raises NT$3.2bn

Chailease Holding Co (中租控股), the nation’s top leasing services provider, yesterday said one of its subsidiaries had raised NT$3.2 billion (US$97.05 million) from the sale of three-year non-guaranteed commercial paper to investors. The amount raised exceeded Chailease Finance Co’s (中租迪和) initial target of NT$3 billion and the unit plans to use the proceeds to boost its medium-term working capital, its parent company said in a statement. The commercial paper sale was managed by International Bills Finance Corp (國際票券), with participating financial institutions including Taiwan Finance Corp (台灣票券), Yuanta Commercial Bank (元大銀行) and Union Bank of Taiwan (聯邦銀行), Chailease Holdings said.

ELECTRONICS

Viking eyes shares sale

Viking Tech Corp (光頡科技), a supplier of resistors and inductors, yesterday said it had received a notice of tender offer from Guangdong Fenghua Advanced Technology Holding Co (廣東風華高新科技), which aims to purchase up to 40 percent of its shares on the open market. The Chinese firm plans to acquire between 41.07 million and 46.94 million of its common shares at NT$29.8 per share, Viking Tech said in a statement. There is no time frame set for the offer, because Guangdong Fenghua needs to obtain regulatory approval from Taiwan and China before it can start the planned share purchase, according to the statement.

SEMICONDUCTORS

IntelliEPI releases data

Intelligent Epitaxy Technology Inc (IntelliEPI, 英特磊), a supplier of epitaxy-based compound semiconductor wafers, yesterday said its net income reached NT$22 million in July, or NT$0.71 per share, and aggregate net income totaled NT$103 million from January to July, or NT$3.34 per share. The company released its earnings results at the request of the local stock exchange regulator after its shares jumped more than 36 percent in the past 10 sessions. IntelliEPI shares yesterday closed unchanged at NT$122 on the over-the-counter market. Revenue for the first eight months of this year increased 46.02 percent from a year earlier to NT$594 million, IntelliEPI said in a statement.

STOCKS

Capital buyback approved

Capital Securities Corp (群益金鼎證券) yesterday said its board approved a share buyback scheme to maintain the company’s credibility and safeguard shareholders’ interests. The company plans to purchase 50 million of its shares, or 2.11 percent of total shares in circulation, on the open market from this week to Nov. 21. Capital Securities plans to buy back its shares at a price of between NT$7 and NT$11 per share, and would spend up to NT$6.81 billion on the buyback scheme, according to a company statement.

AUTOMOBILES

Hotai touts Altis sales

Hotai Motor Co (和泰汽車), which distributes Toyota and Lexus vehicles, yesterday said it expects sales of its Corolla Altis sedans to exceed 40,000 units this year, securing the company’s leading position among its peers in the domestic auto market. The company made the remark after it launched a special edition of its popular Altis model yesterday, of which Hotai hopes to sell up to 10,000 units by the end of this year. Altis sales had exceeded 480,000 units as of the end of last month, accounting for more than 30 percent of vehicles sold by Hotai and topping all models sold in the nation, according to the latest auto industry data.

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