Rotam Global AgroSciences Ltd (龍燈環球農業科技), a Hong Kong-based agrochemical company, has filed an application with the Taiwan Stock Exchange (TWSE) for a primary listing on the main board, the exchange said on Saturday.
The TWSE said Rotam, which was incorporated in the Cayman Islands in 2009 and is capitalized at NT$1.06 billion (US$35.83 million), was the 12th foreign company to seek a primary listing on the exchange this year.
The firm’s Web site says the company is engaged in manufacturing, R&D, product registration, marketing and technical support with products, including herbicides, insecticides, fungicides, growth regulators and plant nutrients.
The company is also involved in seed biotechnology and is developing genetically modified crops.
In its prospectus, Rotam said it is planning to issue 14.14 million shares for the listing and expects to raise about NT$1.2 billion in working capital for future expansion.
The issue price has tentatively been set at NT$85, the company said, adding it aims to complete the fundraising by the end of the first quarter of next year.
Rotam said it would assign part of the funds to research and development to increase the number of product registrations. At the end of June, the company has secured 680 product registrations, compared with 556 recorded as of the end of 2009.
In addition to its Hong Kong headquarters, Rotam has a research and development base in Kunshan, Jiangsu Province, China.
Its global network sell its products in more than 60 countries and it owns distribution centers in Brazil, Argentina, Colombia, Chile, Mexico, the US and the UK.
Rotam posted NT$468.44 million in net profit on a consolidated basis last year, with an earnings per share of NT$4.61. In the first half of this year, its net profit totaled NT$201.55 million with an EPS of NT$1.90.
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel
RSS