Bloomberg News

Taiwan Equity Movers: Acer, Innolux, Formosa Chemicals

December 22, 2012

Taiwan’s Taiex Index +0.3% at close, with 469 stocks up, 198 down; gauge +6.6%this year.

ADVANCERS: * Wei Chuan(1201 TT) +1.6%; co. expects China sales to climb 50% in 2013, Economic Daily News reports, without saying where it got the information * Kao Hsing Chang(2008 TT) +4.9%; co. expects to gain more than NT$700m from selling land in Kaohsiung City, it says in statement to Taiwan stock exchange * Innolux(3481 TT) +2.5%; co. plans to liquidate China unit to dispose of inefficient investment, according to statement to Taiwan stock exchange * Acer(2353 TT) +2.1%; co. is developing $99 Android-based tablet and may begin shipping as early as 1Q, Commercial Times reports, without saying where it got the information * Catcher (2474 TT) +1.4%; Units will invest 422 million yuan to build new plants in China, according to statement to Taiwan stock exchange

DECLINERS: * Formosa Chemicals & Fibre Corp. (1326) (1326 TT) -2.1%, Formosa Petrochemical (6505 TT) -2.2%; Formosa Chemicals and Fibre to sell 191m shares of Formosa Petrochemical in a private offering by end 2Q 2013, co. said in a Taiwan stock exchange filing

To contact the reporter on this story: Cindy Wang in Taipei at hwang61@bloomberg.net

To contact the editor responsible for this story: Jim McDonald at jmcdonald8@bloomberg.net


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