IC-packaging materials and gear provider Chang Wah Electromaterials (CWE) has introduced the signing of a NT$7.2 billion (US$233.7 million) syndicated mortgage settlement with 13 native banks in Taiwan.
The mortgage proceeds will permit CWE to develop additional via mergers and acquisitions, mentioned firm chairman Canon Huang, including that the corporate is trying to develop additional its presence within the upstream chipmaking supplies sector.
Leadframe specialist Chang Wah Technology (CWTC) and JMC Electronics, which provides COF substrates, are each CWE-affiliated corporations.
CWE reported consolidated revenues elevated 11.5% to NT$15.76 billion in 2018, whereas internet income attributed to the mother or father firm slipped 1.6% on yr to NT$856 million. EPS for the yr got here to NT$13.47.
CWE disclosed its cumulative 2019 revenues via February fell 11.5% from a yr earlier to NT$2.27 billion.
