TAIEX closes down
The TAIEX pulled back yesteray amid renewed concerns over debt problems in the eurozone after Italy’s parliamentary elections failed to produce a clear winner, dealers said.
The weighted index closed down 66.78 points, or 0.84 percent, at 7,880.90 on turnover of NT$69.04 billion (US$2.32 billion).
Asustek unveils new FonePad
PC vendor Asustek Computer Inc (華碩電腦) on Monday, unveiled a 7-inch tablet computer, the FonePad, along with other new products and services at the Mobile World Congress in Barcelona, Spain.
The FonePad enables users to make phone calls through 3G connectivity and is Asustek’s bid to compete with Samsung Electronics Co's Galaxy Note 8 series.
Meanwhile, Asustek also unveiled a new 5-inch smartphone product, the PadFone Infinity, at the telecom show. The smartphone is detachable from a 10.1-inch tablet.
Inventec investment approved
Local notebook computer maker Inventec Corp (英業達) said yesterday that its board has approved its plan to invest an additional NT$849 million in its solar cell manufacturing subsidiary E-tone Solar Tech Co (益通光能).
Inventec would issue 90 million common shares of E-tone at NT$9.42 per share via its fully-owned investment subsidiary, the company’s filing to the Taiwan Stock Exchange showed.
E-Tone on Monday raised the price for the offering of 300 million shares from NT$9.4 to NT$9.42.
The money-losing solar cell maker said it planned to use the proceeds to pay back bank loans and to build new production lines.
Green Energy share sale
The nation’s biggest solar wafer maker, Green Energy Technology Inc (綠能科技), yesterday said that its board gave the go-ahead for a new share offering of a maximum 100 million shares via private placement, an e-mailed statement said.
The solar wafer maker planned to use the capital to replenish capital for its operation, with an aim to strengthen its long-term partnership with companies in the solar industry supply chain.
Green Energy said some silicon suppliers and solar unit assemblers are interested in subscribing its shares. The company expects to complete the share sale by the end of next quarter.
Taiwan, Japan ink MOU
The Taiwan External Trade Development Council (TAITRA, 外貿協會) yesterday signed a memorandum of understanding (MOU) with its Japanese counterpart, the Japan External Trade Organization, in Tokyo, Japan.
The MOU is aimed at fostering bilateral trade between firms in the environmental protection, energy, information technology, electronics and fishery and food industries in Taiwan and Japan, TAITRA said in an e-mailed statement yesterday.
The weak yen is beneficial for Taiwanese firms and the MOU can help boost cooperation between firms in Taiwan and Japan with the Japanese government’s US$142 billion economic stimulus package having been passed, Wang said.
NT falls against greenback
The New Taiwan dollar dropped against the greenback yesterday, falling NT$0.038 to close at NT$29.740 amid concerns over the debt situation in the eurozone, dealers said.
Turnover totaled US$802 million.
A fall in the euro against the US dollar made traders wary of fluctuations in currencies in the region as they were afraid that political uncertainty in debt-ridden Italy over the weekend would further complicate the debt problems in the region, they said.