Taiwan Stock Exchange Corp (台灣證交所) yesterday approved TransAsia Airways Corp’s (復興航空) application for a primary listing on the main bourse, the exchange said in a statement.
The Taipei-based international carrier currently trades its shares on the GRETAI Securities Market’s emerging stock bourse, with its shares closing unchanged at NT$19.5 yesterday.
TransAsia has proposed to issue 22.22 million shares for the listing on the main bourse and tentatively set the issue price at NT$18 a share, according to a prospectus the company sent to the exchange earlier.
The carrier is expected to raise about NT$400 million (US$13.77 million) in funds from the listing by the end of the fourth quarter to expand its fleet and generate more revenue amid growing passenger demand.
In June, TransAsia ordered six new Airbus A321neo aircraft at the Paris Air Show, with each plane worth US$106 million at catalogue prices during the show. Normally, customers would negotiate lower prices with aircraft makers.
TransAsia — which last month predicted revenues to continue growing in the third quarter on more charter flight services between Taiwan and China and between Taiwan and Japan — yesterday posted NT$863.86 million in revenue for last month, up 3.35 percent from a year earlier.
In the first seven months of the year, accumulated revenue totaled NT$4.93 billion, representing an increase of 4.72 percent from the same period of last year, company data showed.
With a capitalization of NT$4.8 billion, TransAsia posted NT$409.21 in pre-tax profit in the first half, or NT$0.72 earnings per share.
The company reported a net profit of NT$917.65 million last year, or NT$1.91 in earnings per share, and NT$12.86 million in 2009, or NT$0.03 a share, data showed.
Separately, China Airlines Ltd (CAL, 中華航空), the nation’s largest carrier, on Monday reported NT$12.27 billion in revenue for last month, up 11.14 percent month-on-month, but down 7.34 percent year-on-year.
From January to last month, cumulative revenue totaled NT$76.29 billion, 4.58 percent lower than a year earlier, because of slow cargo business, CAL’s data showed.
EVA Airways (長榮航空), the nation’s second-largest carrier, on Monday also posted revenue up 9 percent month-on-month to NT$9.71 billion last month. However, the number was down 1.21 percent from a year earlier because of slow recovery in cargo traffic on both the US and European routes, according to the company.
In the first seven months, total revenue fell by 0.68 percent to NT$59.56 billion, EVA said.
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes do not work. Approaching a red light, her father swerved around two cars before plowing into a sport utility vehicle and a sedan, and crashing into a large concrete barrier. Stunned, Zhang gazed at the deflating airbag in front of her. She could never have imagined what was to come: Tesla Inc sued her for defamation for complaining publicly about the vehicles brakes — and won. A Chinese court ordered Zhang to pay more than US$23,000 in
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday held its first board of directors meeting in the US, at which it did not unveil any new US investments despite mounting tariff threats from US President Donald Trump. Trump has threatened to impose 100 percent tariffs on Taiwan-made chips, prompting market speculation that TSMC might consider boosting its chip capacity in the US or ramping up production of advanced chips such as those using a 2-nanometer technology process at its Arizona fabs ahead of schedule. Speculation also swirled that the chipmaker might consider building its own advanced packaging capacity in the US as part
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
‘NO DISRUPTION’: A US trade association said that it was ready to work with the US administration to streamline the program’s requirements and achieve shared goals The White House is seeking to renegotiate US CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements, two sources familiar with the matter told reporters. The people, along with a third source, said that the new US administration is reviewing the projects awarded under the 2022 law, meant to boost US domestic semiconductor output with US$39 billion in subsidies. Washington plans to renegotiate some of the deals after assessing and changing current requirements, the sources said. The extent of the possible changes and how they would affect agreements already finalized was not immediately clear. It was not known