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Over 50% Listed Taiwan Co. Handsomely Rewarded
So far, 236 listed Taiwan companies have invested in the Chinese mainland, of which 120 had made profitable gains in the first three quarters of the year. Typical is Nan Ya Plastic Corporation (NYPC) being the one mostly bountifully rewarded with a big profit of as much high as NT$910 million, not to say new electronic technology companies set to making high profits in the mainland.
It is reported that nearly half of listed Taiwan companies have made investment to a total of NT$100 billion in the mainland. In the first three quarters of the year, they were seen as a whole to have achieved a total profit of NT$6 billion registering a return rate of 6%.
Still about NYPC, 8 out of its 13 invested undertakings have made profits, only three remain with a small deficit. Another big investor is President Group. Claiming to be the biggest and with an investment standing also being the longest in the mainland, it has already been in its harvesting period, with a total profit of NT$820 million gained by 20 of its investment undertakings.
A recessed industrial part to Taiwan is its pottery and glass making. But it still makes no exception for these to wrest profit gains from the mainland. Formosa Glass, an enterprise heading Taiwan's glass stock market, has won a profit of NT$240 million on the Chinese mainland.
By PD Online staff Yin Zhili
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