Compal Electronics Inc (
The company made the remark after a Chinese-language media reported yesterday that Arcadyan Technology Corp (
"The listing of Arcadyan Technology will be in Taiwan," Compal spokesman Gary Lu (呂清雄) said during a telephone interview yesterday.
It was still too early to talk about the details of the listing, as the board had not given the green light, he said.
Share swap
The Commercial Times reported yesterday that Compal was mulling an initial public offering (IPO) for Arcadyan in Hong Kong, through a share swap with a foreign holding company within the Compal group.
The paper added that this would be the first overseas IPO for a subsidiary of the group.
Arcadyan will likely increase its capital to as much as NT$900 million (US$27 million), from the current NT$700 million, through open subscription before the second quarter, the paper said, adding that the company would release 25 percent to 30 percent of its stock for an IPO debut in Hong Kong in the second half.
Arcadyan had originally planned for a listing on the Emerging Stock Market (興櫃市場) in the second quarter and to list on the main bourse next year, but this had been pushed forward to enable it to adapt to the expanding Chinese market, the Commercial Times reported.
Arcadyan posted sales of NT$7.5 billion last year, up from NT$5 billion in 2005, Lu said.
Compal stocks closed down 1 percent yesterday at NT$29.65 on the Taiwan Stock Exchange.
A number of local businesses have chosen to launch IPOs in Hong Kong to bypass the government's investment rules on China -- the nation's largest investment destination.
The Hong Kong's Hang Seng Index rose approximately 34 percent last year, while the TAIEX gained about 19 percent.
Takeover
Compal announced last August it would buy Arcadyan for NT$984 million.
Compal bought 26.6 million shares at NT$37 per share for a 69 percent stake in Arcadyan, which was previously fully owned by Accton Technology Corp (智邦科技).
The share purchase and Arcadyan's Internet protocol technology gave Compal the capability to create a complete wireless communications business in areas of digital multimedia home applications and dual-mode phones.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS