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.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS