Ying Han Technology Co Ltd (穎漢), which mainly manufactures tube and pipe-bending machines, yesterday said it is to make its debut on the Taiwan Stock Exchange by the end of next month.
The company, which has paid-in capital of NT$600.4 million (US$19.75 million), plans to raise NT$75.06 million in new capital through the issuance of 7.506 million new shares in its initial public offering on the main board.
Ying Han distributes its products to customers from more than 30 countries through its 11 subsidiaries worldwide, company data showed.
Ying Han’s machines produce a wide range of components for clients in the automotive, aviation and semiconductor industries.
The Tainan-based company’s customers include Tenneco Group and Faurecia Group, one of the largest automotive parts manufacturers in the world.
Ying Han aims to reposition itself as a “smart” machinery service provider, company vice president Hu Chun-chia (胡峻嘉) told investors at a pre-inital public offering presentation in Taipei yesterday.
The firm is to allocate more resources to research and development of robotic arms to expand its market presence in the machinery industry, Hu said.
Traditional pipe-bending machines remained the largest revenue contributor last year, company data showed.
Ying Han said it hopes to raise revenue contribution of its all-electric pipe-bending machines from its current level of nearly 30 percent.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
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