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Adata posts NT$2.42bn pre-tax profit

By Lisa Wang

Adata Technology Co (威剛科技) yesterday posted a pre-tax profit of NT$2.42 billion (US$80.65 million) for the first 11 months of this year, as the world’s second-biggest memory module maker benefits from a super boom in the memory chip industry to surpass its share capital thisFULL STORY

Hey Song to enter Southeast Asia

By Kuo Chia-erh

Beverage supplier Hey Song Corp (黑松) is planning to tap into the carbonated drink market in Southeast Asia with its high value-added products over the coming years, in line with the government’s New Southbound Policy, a company executive said yesterday. “We are upbeat that some ofFULL STORY

Sharp expects 97.5% TV set growth, envisions old glory

By Lisa Wang

Sharp Corp is to see 97.5 percent annual growth in TV set shipments this year, as a sufficient in-house panel supply and the efforts of new TV assembly partner Innolux Corp (群創) helped the company make further progress in regaining its past glory, TrendForce CorpFULL STORY

Caesar Park opens two hotels in Banciao, aspiring to become Taiwan’s largest chain

By Crystal Hsu

Caesar Park Hotels and Resorts (凱撒飯店連鎖) has opened two properties in New Taipei City’s Banciao District (板橋) aimed at business and leisure travelers as it seeks to grow into the nation’s largest hotel chain, top executives said on Saturday. Caesar Park Banciao (板橋凱薩飯店) features 400 guestFULL STORY

HTC shares soar sharply on Google deal approval

Shares of Taiwan-based smartphone brand HTC Corp (宏達電) yesterday saw a sharp rise to outperform the broader market after the Investment Commission last week approved a deal in which the company would hand part of its smartphone assets to Alphabet Inc’s Google, people involved inFULL STORY

Thales outdoes Atos with US$5.6bn Gemalto offer

French aerospace specialist Thales SA knocked out Atos SE’s unsolicited attempt to buy Dutch cybersecurity provider Gemalto SA, outbidding the rival with a cash offer valued at 4.76 billion euros (US$5.6 billion) that won the backing of the target company. The surprise appearance of Thales outmaneuveredFULL STORY

Adani drops contractor for mine

Embattled Indian miner Adani Group plans to develop and run its contentious Carmichael mega coal project in Australia on its own after yesterday parting ways with mining services giant Downer Group. The massive US$16 billion mine, destined to be one of the world’s largest, has beenFULL STORY

Green Seal set to join electric vehicle supply chain

By Kuo Chia-erh

Green Seal Holding Co (綠悅), which mainly makes biaxial-oriented polyamide film for food packaging use, yesterday said it is to join the electric vehicle supply chain in China with its latest product used in lithium-ion batteries. The company is set to begin shipments of its aluminumFULL STORY

Taiwan Business Quick Take

EQUITIES TAIEX higher, TSMC falls Local shares yesterday closed marginally higher, but the TAIEX returned to the 10,500-point mark as contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure amid concerns over a cut in orders by Apple Inc, dealers said. The TAIEX closed upFULL STORY

Inflation not following BOJ’s script

Japanese exports accelerated sharply last month, pointing yet again to growing momentum in the world’s third-biggest economy. There was just one catch: Inflation remained stubbornly low and well off the Bank of Japan’s (BOJ) 2 percent target. The combination of steady growth and benign consumer pricesFULL STORY

Netanyahu promises to help buffer Teva workers

Israeli Prime Minister Benjamin Netanyahu said his government would do its utmost to blunt the effect of job cuts at Teva Pharmaceutical Industries Ltd as the debt-saddled company carries out its restructuring plan. Netanyahu and Minister of Finance Moshe Kahlon are to meet this week withFULL STORY

Oracle clinches A$1.56bn deal to buy Aconex Ltd

Oracle Corp agreed to buy Aconex Ltd, an Australian company that makes cloud-based collaboration software for construction projects, for A$1.56 billion (US$1.2 billion) cash as it pushes deeper into new markets to gain more customers. The deal values Aconex at A$7.80 per share, 47 percent moreFULL STORY

Japan raids firms over allegations of bid-rigging on maglev train project

Tokyo prosecutors yesterday raided two major construction firms over suspicions that they colluded to secure contracts for Japan’s multibillion-dollar maglev project that is to see trains running at 500kph. The state-of-the-art maglev — magnetically levitated — trains are scheduled to begin commercial service between Tokyo andFULL STORY

ThaiBev only major bidder for Vietnam’s top brewer

ThaiBev has emerged as the only major bidder for a majority stake in Sabeco, Vietnam’s largest brewer, ahead of a highly anticipated auction for a US$4.8 billion stake in the state-owned beer behemoth set to open yesterday. Through its domestic unit Vietnam Beverage, Thai Beverage floatedFULL STORY

World Business Quick Take

BANKING ANZ offloads bank stake Australia and New Zealand Banking Group (ANZ) yesterday completed the sale of its stake in Shanghai Rural Commercial Bank and announced plans for a A$1.5 billion (US$1.15 billion) share buyback with the funds. The lender agreed to offload its 20 percent holdingFULL STORY

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