Taiwan Pelican Express Co (台灣宅配通) has obtained approval from the Taiwan Stock Exchange (TWSE) to list on the main board, the exchange said on Thursday.
The company is planning to issue 9.47 million new shares for the listing and has tentatively set the issue price at NT$28, according to its prospectus.
KGI Securities Co (凱基證券) and MasterLink Securities Corp (元富證券) will serve as the underwriters of the listing, the prospectus said.
Taiwan Pelican shares have been traded on the Emerging Stock Market since December last year. The company was incorporated in September 1999 and is currently capitalized at NT$860 million (US$29.1 million).
Under local securities listing rules, a company has to be on the Emerging Stock Market for at least six months before it can seek a listing on the main board or the over-the-counter market.
Taiwan Pelican said door-to-door delivery services accounted for 77.83 percent of its NT$2.54 billion in sales last year, while logistics services made up 20.49 percent. All of its revenue was generated in Taiwan, it said.
Home appliance supplier Teco Electric & Machinery Co (東元電機) is one of Taiwan Pelican’s major institutional shareholders.
Last year, Taiwan Pelican posted NT$242.95 million in net profit, or earnings per share of NT$2.83, compared with NT$215.48 million in net profit, or NT$3.22 per share, the previous year.
Earnings per share for the first half of this year stood at NT$1.22.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
RSS