Thu, Mar 17, 2016 - Page 14 News List

Taiwan Business Quick Take

Staff writer

EMPLOYMENT

Less workers on furlough

The number of workers in Taiwan on unpaid leave fell sharply in the first two weeks of this month as about 20 employers ended their unpaid leave programs, government statistics released yesterday showed. According to data compiled by the Ministry of Labor, the number of furloughed workers fell to 642 from 1,045 at the end of last month. The ministry said that a total of 27 employers have implemented unpaid leave programs as of Tuesday, down by 18 percent from the end of last month. In the first half of this month, about 20 employers terminated their unpaid leave programs, while two others initiated theirs.

AIRLINES

TransAsia sells subsidiary

TransAsia Airways Corp (復興航空) yesterday announced that it has sold TransAsia Catering Services Ltd (復興空廚) to an affiliate for NT$525 million (US$15.9 million) in a bid to raise funds to improve flight safety and expand operating capital. The catering and support services subsidiary was sold to Taiwan Secom Co (中興保全), the carrier’s affiliate under the SIGMU Group. Taiwan Secom, which offers security systems and services, plans to expand into the baked goods market through the acquisition. TransAsia Catering Services was spun off from TransAsia Airways in 2002, and sales to the carrier averaged 31 percent of total revenue.

SEMICONDUCTORS

UMC to issue 1.28bn shares

United Microelectronics Corp (UMC, 聯電), the nation’s No. 2 contract chipmaker, yesterday said its board approved a proposal to issue as many as 1.28 billion new shares via private placement in a bid to form strategic partnerships. The new shares account for about 10 percent of UMC’s total issued shares, the firm said, adding that it has not created a concrete plan yet. The board also approved the distribution of a cash dividend of NT$0.55 per share based on last year’s net profit of NT$13.45 billion, or NT$1.08 per share. Those proposals are subject to a shareholder vote during the annual shareholders’ meeting on June 7.

CHIPMAKERS

Sitronix to pay cash dividend

Handset panel driver IC designer Sitronix Technology Co (矽創) yesterday said its board has decided to pay a record-high cash dividend of NT$5 per share. The company plans to hold an annual general meeting on June 22 for shareholders to vote on the payout plan.

NETWORKING

D-Link chairman to retire

Networking equipment manufacturer D-Link Corp (友訊科技) yesterday said chairman and CEO Roger Kao (高鶴軒) has decided to retire from his posts. The company said Kao’s retirement would not affect the company’s operations and the board would soon elect his successor. Kao, who assumed the chairmanship in September 2011, said in a statement that he wants to pass on the baton to a younger generation as the company turns 30 this year.

SMARTPHONES

FIH net profit grows 35%

FIH Mobile Ltd (富智康), a handset manufacturing arm of Hon Hai Precision Industry Co (鴻海精密), on Tuesday said its net profit last year grew 35 percent to US$228 million from a year earlier, due to higher revenue and lower impairment losses. The company, which provides integrated manufacturing services for the handset industry worldwide, reported earnings per share of US$0.0296 for last year. The company’s board has agreed to distribute cash dividends of US$0.0869 per share.

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