Taiwan News Quick Take

Staff writer, with agencies

Thu, May 30, 2013 - Page 14

FINANCE

Taipower raises NT$12.8bn

State-owned Taiwan Power Co (Taipower, 台電) has raised NT$12.8 billion (US$426 million) from a bond sale, the company said in a statement yesterday. Taipower said it sold NT$8 billion of five-year bonds with a coupon rate of 1.30 percent and NT$4.8 billion of seven-year bonds with a rate of 1.45 percent.

SEMICONDUCTORS

UMC’s news boosts shares

Shares of United Microelectronics Corp (UMC, 聯電) rose 0.37 percent to close at NT$13.65 yesterday, amid optimism over a partnership that could help its development of the advanced 28 nanometer process. The company said in a statement on Tuesday that it signed an agreement with Kilopass Technology, a US-based semiconductor logic non-volatile memory intellectual property provider to develop the 28nm products used in portable devices and consumer electronics products.

FOOD & BEVERAGE

Tsann Kuen opening bakery

Tsann Kuen Enterprise Co (燦坤), which runs the nation’s largest consumer electronics and home appliance chain, said yesterday that it would open its first pastry shop in Taipei’s Shihlin District (士林) on Saturday. The company has invested NT$50 million in the shop and invited a Japanese patisserie chef to take charge, Chang Yueh-lung (張岳龍), vice president of Tsann Kuen’s merchandise department, told a press conference.