Green Energy shares gain on US$574 mil. in orders
April 10, 2008, 12:00 am TWN
TAIPEI, Taiwan -- Green Energy Technology Inc., the solar-wafer division of Taiwan's largest home appliances maker by market value, rose by the daily limit in Taipei trading after saying it received US$574 million of orders.
Green Energy advanced 6.9 percent to NT$194.5, its highest since Jan. 9, at the close of trading on the Taiwan Stock Exchange. The benchmark Taiex index declined 0.1 percent.
The Taipei-based company will supply the solar-power wafers over eight years from this month to four clients in Europe and Asia, spokeswoman Christine Chen said by telephone yesterday, confirming an e-mailed statement. She declined to identify the customers.
Green Energy is 60 percent owned by San Chih Semiconductor Co., a chipmaker in Taiwan that's 85 percent held by Tatung Co., Chen said.
Home-appliances maker Tatung climbed 0.3 percent to NT$18.95 in Taipei trading, while San Chih was unchanged at NT$160.