Continental Holdings Corp (欣陸投控) aims to improve its earnings ability this year and beyond by consolidating resources and deepening environment, social and corporate governance (ESG) accountability.
The conglomerate, which owns Continental Engineering Corp (大陸工程), Continental Development Corp (大陸建設), and HDEC Corp (欣達環工), has closely monitored the performance of its subsidiaries and pooled their resources to boost synergy, Continental Holdings chairperson Nita Ing (殷琪) told its annual general meeting in Taipei on Friday last week.
The group has used the resources to achieve ESG growth in line with UN recommendations, Ing said, adding that ESG endeavors accounted for 58 percent of revenue last year.
Continental Holdings will regularly disclose its operating situation, while improving communication and relations with investors and shareholders, she said.
In the first six months of this year, the group reported NT$11.95 billion (US$427.86 million) in combined revenue, suggesting a 33.6 percent increase from the same period last year, company data showed.
While business at the three subsidiaries improved, the property development arm showed the most growth, the data showed.
It reported revenue of NT$16.3 billion for the first quarter, more than doubling its sales for the whole of last year, Continental Development chairman Christopher Chang (張良吉) said, adding that the gains would be recognized over the next three years.
Shareholders at the meeting approved the distribution of a cash dividend of NT$1.4 per share from last year’s profit of NT$1.54 billion, or earnings per share of NT$1.87, a payout ratio of 74.87 percent.
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
The artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),
RSS