BATTLING IT OUT: Company chairman Miin Wu is leading a team of employees against Frank Huang's Powerchip in a struggle for operational control
By Lisa Wang
Taiwanese memory chipmaker Macronix International Co (旺宏) is considering withdrawing its listing from the NASDAQ stock market to cut costs, a company executive said yesterday.

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By Jason Tan
Sampo Corp (聲寶), one of the nation's leading home appliance makers, is working toward cutting losses this year, a company executive said yesterday.

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By Jackie Lin
The Ministry of Finance yesterday said that it would submit a preliminary report in three months on the ability of state-run banks to form national financial holding companies.

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By Amber Chung
The Securities and Futures Bureau required Cosmos Bank (萬泰銀行), the nation's biggest cash-card issuer, to withdraw its capital reduction application yesterday because it failed to submit complete documentation.

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BRANCHING OUT: The company has in the past sold off land parcels to developers to boost profits, but said it would itself exploit two lots in Taipei City and Hualien
By Jessie Ho
Eyeing the continuing boom in the property market, asset-rich Taiwan Fertilizer Co (台肥) on Tuesday announced plans to develop housing on land it owns in Nangang District (南港) in Taipei City and Hualien, which is expected to bring in a considerable profit.

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By Amber Chung
Financial analysts appeared unimpressed with President Chen Shui-bian's (陳水扁) talk of resuming second-stage financial reforms targeting banks yesterday, saying the reforms would likely only affect state-owned banks.

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By Jackie Lin
Since the Taiwan Lottery Co (台灣彩券公司) started issuing lottery tickets on Jan. 1, it has created 163 multimillionaires as of the end of last month. Sagittarian players were the luckiest, accounting for 18 percent of winners.

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