Green Energy Technology Inc (綠能科技), the nation's biggest supplier of solar wafers, applied for listing on the Taiwan Stock Exchange yesterday and is expected to become one of the more popular purchase items by the end of the year.
Shares of Green Energy jumped 12.18 percent to NT$428.37 (US$13) on the Emerging Stock Market (
Parent company Tatung Co (
As the most profitable subsidiary of Tatung, Green Energy posted pre-tax earnings of NT$689 million, or NT$6.76 per share, on sales of NT$2.44 billion last year. The company has paid-in capital of NT$800 million.
Green Energy supplies solar wafers to some of the nation's largest solar-cell makers, including Motech Industries Inc (
Joining the green energy bandwagon, Lee Chang Yung Chemical Industry Corp (
Shares of Lee Chang Yung rose by the 7 percent daily limit to close at NT$34.25 yesterday.
Strong growth has resulted in a constant shortage of polycrystalline silicon.
Mospec Semiconductor (統懋半導體) said late last month that it planned to issue NT$450 million in five-year convertible bonds to fund its expansion into solar wafer production, while Motech raised US$210.80 million selling global depositary receipts in May in order to buy raw materials, equipment and machinery for photovoltaic cell production.
Lee Chang Yung will sign a deal with a partner to set up a plant for the production of polycrystalline silicon by the end of this year, chairman Bowei Lee (
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Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
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