2013-06-01

Taroko Fiber (1432), which has suffered losses in the industry for two consecutive years, Chairman Lin Man-Li said at the shareholders’ meeting yesterday (5/31) that the company’s future business strategy will focus on real estate development, actively develop its own land, and at the same time lay out commercial real estate and tourism and leisure business.
Due to the continuous losses in the textile business, the factory in Taiwan has long ceased operations and moved its production and sales base to Chinese mainland; But Chinese factories still failed to make a profit in the first quarter of the year.
Lin Man-Li pointed out that in addition to the paradise development project of the Kaohsiung MRT South Machinery Factory, Taroko currently holds land in the Shilin Beitou Science and Technology Park, and it is expected that it can be redivided back to about 400 square meters of land in the 105th year of the Republic of China, and planning and development will be carried out at that time.
Last year, Taroko recognized NT$ 685 million for the sale of land in Xinpu Factory, with a net profit after tax of NT$ 578 million and EPS of NT$ 6.58; yesterday’s shareholders’ meeting recognized the 101 annual financial report and earnings distribution and issued a dividend of NT$ 4 through the allotment of shares.
Taroko yesterday’s stock staged a shareholders’ meeting to celebrate the market, under the continuous purchase of foreign capital, the late rise stopped NT$ 29.4 , up NT$ 1.9 .
Hsu Yung-Chang, executive vice president of Taroko, said that the first phase of the land development project of the commercial service area of Kaohsiung MRT South Machinery Factory has invested more than NT$ 3.5 billion , and the current progress has entered the stage of capital review, and it is expected to get the construction license at the end of this year and start construction early next year, and after one and a half years of construction and half a year of decoration, it can be officially opened at the end of 2015 or early 2016 at the earliest.
As for the 890 square meters of land in Shilin Beitou Science and Technology Park, it was purchased for 366 million yuan in the 99th year of the Republic of China, and it is expected that it can be redivided back to about 400 square meters of land in the 105th year of the Republic of China, at which time it will be considered for residential, commercial or industrial use.
Hsu Yung-Chang said that the land development project of Gaojienan Machine Factory is combined with the theme of motorsports, the introduction of the Suzuka Circuit operated by a wholly-owned subsidiary of Honda (HONDA), in addition to the car theme amusement park, the future will be the core of profit from the mall, has signed contracts with Guobin Cinemas, French businessman Decathlon clothing, Kaohsiung local gym brand “Fitness Factory”, etc., the company’s own operated Taroko battling cage will also be stationed.
The legal person estimates that this case will be the focus of development in the next 2-3 years.
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