Wed, Dec 16, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

GAMING

Predator series launched

Taiwanese PC maker Acer Inc (宏碁) yesterday launched a series of its Predator gaming desktops, monitors, laptops and tablets in Malaysia in a bid to expand its share of the gaming market there. “With this new addition to our already extensive portfolio of products in Malaysia, we hope this cross-platform offering of Predator gaming series will bring powerful and out-of-this-world gaming experience to its users,” Acer Sales & Services Sdn Bhd managing director Ricky Tan said.

STEELMAKERS

CSC to sell shares

China Steel Corp (CSC, 中鋼), the nation’s biggest steelmaker, said it has sold 5.34 million shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to boost its bottom line. China Steel said it would book a NT$635 million (US$19.23 million) asset gain from selling the TSMC shares, according to a company statement submitted to the Taiwan Stock Exchange on Monday. The announcement came after China Steel reported a second straight monthly loss before tax last month.

COMPUTERS

Clevo approves buyback

The board of PC maker Clevo Co (藍天) yesterday approved a plan to carry out another share buyback scheme. It is to be the second time the company has bought back its common shares this year. The company said it is to buy back 10 million of its shares at between NT$20 and NT$35 per share on the open market. The scheme started yesterday and is to continue through Feb. 15. Following the announcement in the morning, Clevo’s stock price surged by the 10 percent daily limit to close at NT$30 in Taipei trading yesterday.

BIOTECHNOLOGY

DCB inks Wako deal

The Development Center for Biotechnology (DCB, 生物技術開發中心) and Japan’s Wako Pure Chemical Industries Ltd yesterday inked an agreement to collaborate to develop new formulations of cell culture media to enter the biologics market. The partnership is to leverage the synergy from DCB’s experience in research and manufacturing of biologics — genetically engineered proteins from human genes — and Wako’s expertise in chemical manufacturing and production capacity. The collaboration is expected to speed up the development of cell culture media, helping both sides compete in the global market for biologics drugs, the two parties said in a press statement.

ELDERLY CARE

China plans announced

Shin Kong Group (新光集團) yesterday announced that it is to invest about 3 billion yuan (US$464 million) to build a care facility for elderly people in China’s Chongqing in collaboration with Mogenjun (重慶摩根郡旅遊開發公司), a developer based in the city. Shin Kong hopes to use its expertise in offering stellar elderly-care services in Taiwan and replicate the winning model in China, it said at a signing ceremony yesterday.

ECONOMY

First Financial head cautious

First Financial Holding Co (第一金控) chairman Joseph Tsai (蔡慶年) yesterday said he holds a cautious view over the outlook for the global economy next year, as there are many uncertainties, such as the US mulling interest rate hikes. He said he foresees that hot money would exit from emerging markets soon after an expected US rate increase. In a bid to reduce investment risks, First Financial has lowered its exposure in emerging markets, including in the Chinese market, to 60 percent, he said.

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