Bloomberg News

Taiwan Stocks: HTC, Motech Industries, Want Want China Holdings

May 21, 2012

Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei.

The benchmark Taiex Index gained 0.6 percent to 7,192.23.

HTC Corp. (2498) (2498 TT) gained 1.6 percent to NT$407. The smartphone maker said some products were delivered to customers after passing U.S. customs inspection. The U.S. availability of HTC One X and HTC EVO 4G LTE models was delayed because a U.S. customs review of shipments was required after an exclusion order by the U.S. International Trade Commission, the company said in a statement on May 16.

Motech Industries Inc. (6244) (6244 TT) surged 4.9 percent to NT$47.60, the highest close since April 16. A U.S. anti-dumping tariff will have no impact on the company as products from its China plants are mostly sold in Europe and China, the Central News Agency reported. Chief Financial Officer Jack Hsieh wasn’t immediately available for comment at his office. The U.S. Commerce Department ruled last week that Chinese companies sold silicon-based solar cells at prices below cost and announced preliminary anti-dumping duties.

Want Want China Holdings Ltd. (151) (9151 TT) advanced 0.9 percent to NT$35.20. Chief Financial Officer Everett Chu said today in Shanghai the company’s China business so far this year is “in line with expectations.”

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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