Lotus, Fuji push agreements
Lotus Pharmaceutical Co (美時化學製藥) and Fuji Pharma Co yesterday announced the execution of capital and business collaboration agreements. Under the terms of the cash-natural capital collaboration, Fuji acquired a 2 percent stake in Lotus for about US$20 million, while Lotus acquired a 3.9 percent stake in Fuji for an equal sum. The transaction is designed to bolster the two firms commercial platform in Japan and other key Asian pharmaceutical markets, explore cross-selling opportunities, achieve manufacturing synergies and jointly invest in the development of specialty products for the region.
HTC using Nvidia tech
Smartphone maker HTC Corp (宏達電) on Tuesday said it has teamed up with US graphics chip designer Nvidia Corp for its latest virtual-reality (VR) headset. HTC announced at the GPU Technology Conference in San Jose, California, that its new Vive Pro Eye model, which was introduced in January, but has not hit stores yet, uses Nvidia’s variable rate shading (VRS) technology to cater to professional VR users. VRS increases rendering performance and quality by applying varying amounts of processing power to different areas of the image. The Vive Pro Eye is equipped with eye-tracking hardware, HTC said. Last year, HTC posted a net profit of NT$12 billion (US$389.2 million), or NT$14.72 per share, compared with a net loss of NT$16.91 billion, or a loss of NT$20.58 per share, in 2017.
Fuhai project approved
Taiwan Generations Corp (永傳能源) yesterday received approval from the Environmental Protection Administration (EPA) for the second phase development of its Fuhai offshore wind project off the coast of Changhua County. The project, which had been rejected twice by the EPA, was approved after the company made changes to its plans to minimize the impact on the environment and the flight path of migratory birds. The company would also move its construction schedule from November to March next year, to October to April next year, and promised that its marine engineering crew would not spend more than 20 days at sea consecutively during construction. The turbines would also be relocated to more than 5km from neighboring offshore wind projects to avoid interference, the company said.
PChome offers low fees
E-commerce operator PChomestore Inc (商店街) has teamed up with Taiwan FamilyMart Co (全家便利商店) to offer shipping subsidies to boost sales. Until the end of this month, PChomestore customers could enjoy delivery fees as low as NT$45 on orders of more than NT$299 when they choose to pick up their orders at a FamilyMart store. The discounted delivery rates are eligible for all purchases meeting the minimum amount. Parent company PChome Online Inc (網路家庭) last year reported a net loss of NT$1.77 billion, or a loss of NT$8.49 per share.
Hon Hai chair vows to sue
Hon Hai Precision Industry Co (鴻海精密) chairman Terry Gou (郭台銘) yesterday took to social media and vowed to sue a TV station and its producers after a guest in a political talk show hinted at his ties with Chinese President Xi Jinping (習近平). Gou denied claims that he had been “instructed” by Beijing to cooperate with Kaohsiung Mayor Han Kuo-yu (韓國瑜) and invest in the city.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
ROW: A probe would determine if the rights of shareholders who were not allowed to vote yesterday had been violated, while the stock exchange also wants answers The election of board directors yesterday at Tatung Co (大同) sparked controversy after the company blocked some institutional and individual shareholders from participating in the general shareholders’ meeting, prompting the Financial Supervisory Commission (FSC) to announce that the vote would be investigated. Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. They were being denied a vote because they had contravened the Business Mergers and Acquisitions Act (企業併購法), and the Act Governing Relations Between the People of the Taiwan Area and