Fubon Securities Co (富邦證券) has inked an agreement with cosmetics and health food manufacturer Kelti Group (克緹集團) to help the China-based Taiwanese business proceed with its plan to list on the local bourse, a company official said yesterday.
The two sides signed an underwriting agreement on Monday, Fubon Securities’ vice president Edwin Liao (廖鴻輝) said.
Kelti is expected to submit its listing application to the exchange regulator before the second quarter of next year, which may take another five months to gain a regulatory approval, he said.
Kelti, which entered the Chinese market in 1998, owns nearly 3,000 cosmetics outlets throughout the country.
The company has leveraged its skin care expertise developed in Taiwan to quickly earn popularity in China by targeting mid- to high-income white-collar female clients, the securities company said in a statement.
In April, Kelti began operations at its Shanghai-based factory and R&D center, which measures 58,000m² and cost 100 million yuan (US$15 million).
In June, the company won a direct-selling license in China — the 23rd licensed direct-marketing company in the country.
Kelti plans to expand its direct-selling businesses in the second half of this year by taking advantage of its 3,000 outlets there, Fubon said in the statement.
POTENTIAL SETBACK: Although Chinese chip designers and foundry firms already have US EDA software, they might be unable to update those programs under new US rules The US’ latest ban on advanced electronic design automation (EDA) software exports to China might hinder Chinese chip companies from accessing advanced semiconductor technology, as they attempt to upgrade to 3-nanometer processes in the next three to five years, market researcher TrendForce Corp (集邦科技) said yesterday. The US Department of Commerce’s Bureau of Industry and Security on Friday announced bans on EDA tools for gate-all-around field-effect transistors (GAAFET), a new-generation semiconductor technology that US chipmaker Intel Corp and Samsung Electronics Co from South Korea are adopting to make 4-nanometer and 3-nanometer chips. The bureau in a statement said that gate-all-around field-effect transistor
WIDENING THE FIELD: Human resources managers must drop prejudices regarding gender, appearance and age to find the best candidates, Micro Technology said The job market for Taiwan’s semiconductor industry remained tight this quarter, as hiring activity slowed from a record high last quarter, a survey released yesterday by online human resource firm 104 Job Bank (104人力銀行) showed. Ongoing labor shortages have prompted local semiconductor firms to recruit more women and foreigners in Taiwan and in Southeast Asia, the job bank said. The talent gap in the first quarter reached 35,000 people per month, a surge of 39.8 percent from the same period last year, as the contactless economy and digital transformation shore up demand for semiconductors, 104 Job Bank said in its annual report
POSITIVE CULTURE: Pursuing 12-inch wafers earlier than peers helped TSMC lead the industry, said a former executive, whose main regret was working for SMIC in China Corporate culture at Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is what made the chipmaker a leading player in the global industry, a former executive said in an interview with California’s Computer History Museum. “One of the really important reasons that TSMC succeeded” is the culture at the firm, where “if equipment went down at two o’clock in the morning, we just called an equipment engineer,” and the worker would not complain, said former TSMC joint chief operating officer Chiang Shan-yi (蔣尚義). “We didn’t really do anything special, anything great, but we didn’t make any major mistakes,” when compared with competitors, such
Cloud computing equipment company Wiwynn Corp (緯穎科技), which counts Meta Platforms Inc as one of its key customers, is boosting capacity expansion in Malaysia through a new investment of about NT$1.94 billion (US$64.7 million), it said yesterday in a statement filed with the Taiwan Stock Exchange. The investment, which aims to help the company with business development and strategic arrangements, would be made through subsidiary Wiwynn Technology Services Malaysia Sdn Bhd to build a new factory, Wiwynn said in the filing. The announcement came about one-and-a-half months after the company started phase II of its new server printed circuit board assembly (PCBA)