Thu, Apr 19, 2018 - Page 11 News List

Taiwan Business Quick Take

staff writer

ENERGY

Solar merger approved

The Fair Trade Commission yesterday approved Neo Solar Energy Corp’s (新日光) merger with local solar cell makers Gintech Energy Corp (昱晶) and Solartech Energy Corp (昇陽光電), saying the deal would not harm market competition. The three-in-one merger, which earlier received approval from competition watchdogs in China and Germany, would help Neo Solar slightly increase its market share without hindering already-intensive competition, the commission said. There is also no major concern about potential price fixing, as solar prices are largely regulated worldwide, it said. About 90 percent of solar cells made by local firms are exported abroad, it added.

ENTERTAINMENT

OMG probed over patents

Online game maker MacroWell OMG Digital Entertainment Co (OMG, 歐買尬) yesterday confirmed that investigators searched the company’s offices earlier in the day over patent infringement allegations. The company said it would fully cooperate and that it would not affect its business.

RESTAURANTS

Hi-Lai approves dividend

Hi-Lai Foods Co Ltd (漢來美食) yesterday said its board has approved a proposal to distribute a cash dividend of NT$6.6 per share and a stock dividend of 3 percent this year, after reporting earnings per share of NT$7.47 for last year, representing a payout ratio of 92.37 percent. First-quarter revenue rose 7.56 percent from a year earlier to NT$979 million (US$33.3 million), a record high.

ELECTRONICS

Elan to slash capitalization

Elan Microelectronics Corp (義隆電子), which supplies touchpad controller and fingerprint sensors, on Tuesday announced that its board has agreed to cut the company’s capitalization by 30 percent to adjust its capital structure and return NT$3 in cash per share to shareholders. With a proposed cash dividend of NT$2.58 per common share, the company plans to distribute a total of NT$5.58 per share, to be approved at an annual shareholders’ meeting on June 11. The capital reduction plan would see the company’s capitalization drop to NT$3.04 billion from NT$4.34 billion.

ELECTRONICS

Machvision sees momentum

Machvision Inc (牧德), a supplier of printed circuit board (PCB) inspection equipment, on Tuesday said it is optimistic about its performance this year, as growth momentum would gain support from new products related to semiconductor applications. Chairman Collin Wang (汪光夏) told a Taipei Exchange-organized conference that the firm’s sales mix by product in the first quarter included flexible PCB inspection equipment (39 percent), automated optical inspection equipment for rigid PCBs (26 percent) and integrated circuit inspection equipment (17 percent). Machvision’s first-quarter sales grew 144.6 percent year-on-year and 8.2 percent quarter-on-quarter to NT$565 million.

BANKING

Yuan deposits slump 0.06%

Yuan deposits held by domestic banks, including negotiable certificates of deposit, edged down 0.06 percent to 321.69 billion yuan (US$51.2 billion) at the end of last month, the central bank said on Tuesday. Yuan deposits held by banks’ domestic units totaled 291.63 billion yuan, a monthly decrease of 0.16 percent, the central bank said, adding that holdings by banks’ offshore units increased 0.92 percent to 30.06 billion yuan.

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