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TPE:1101

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Asia

TCC Group's European Unit to Acquire Ukrainian Cement Maker

TCC Group's (TPE:1101) board has approved the acquisition of a 100% stake in Ukrainian cement maker BLUE by its European subsidiary, TCC EMEA, according to a Tuesday filing with the Taiwan Stock Exchange.The authorized enterprise value of the target company will not exceed 750 million euros.The acquisition is intended to accelerate the company's strategic expansion in Europe and strengthen its global competitiveness.

TPE:1101
Asia

Update: Market Chatter: TCC Leaning Toward London Listing For European Unit IPO

(Updates fourth paragraph to note that TCC declined to comment)Taiwan's TCC Group (TPE:1101) is assessing London as a possible venue for the planned listing of its European business, Bloomberg News reported Tuesday, citing people familiar with the matter.The company is said to be increasingly favoring the UK capital over other exchanges previously under consideration, although no final decision has been reached, according to the report.TCC said it is evaluating the feasibility of floating its European operations on a recognized European stock exchange, with the London Stock Exchange among the options. It added that any decision on the listing venue will require approval from its board, the news outlet said.Responding to' inquiry, TCC declined to comment, directing inquiries instead to the company's official announcements for updates.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:1101
Asia

Market Chatter: TCC Favors London for European Unit IPO, Report Says

Taiwan's TCC Group (TPE:1101) is assessing London as a possible venue for the planned listing of its European business, Bloomberg News reported, citing people familiar with the matter.The company is said to be increasingly favoring the UK capital over other exchanges previously under consideration, although no final decision has been reached, according to the report.TCC said it is evaluating the feasibility of floating its European operations on a recognized European stock exchange, with the London Stock Exchange among the options. It added that any decision on the listing venue will require approval from its board, the news outlet said.TCC Group did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:1101
Asia

Taiwan's TCC Group Advances Preparations for Fundraising Plans in Europe

TCC Group (TPE:1101) met with investment banks and advisers on Monday to advance its European fundraising efforts, according to a same-day filing in Taiwan.The green environmental engineering company said the launch meeting discussed strategies, timelines and related preparations for its TCC Dutch Holdings unit. It first flagged plans to raise funds in May, with options including an IPO and a private placement.The TCC board is expected to receive updates for review in August.

TPE:1101
Asia

Market Chatter: TSMC Expecting Strong Demand for AI Chips

TSMC (TPE:1101) is expecting multi-year demand for its AI chips to grow following a $100 billion plan to expand its Arizona facilities, according to a Reuters report on Monday, citing Chief Financial Officer Wendell Huang.Speaking after the second quarter results on Thursday, Huang said the company is "very happy" with the progress in Arizona. He said the Arizona fabrication plant is delivering yields comparable to those at the company's flagship fab in Taiwan, according to the report.The fourth fab is slated to bring the semiconductor company's Arizona footprint to 12 fabrication and advanced packaging facilities.Meanwhile, the semiconductor giant is also considering raising money by selling new shares in the US, with the CFO not ruling out issuance of new bonds, Reuters reported.Despite aggressive expansion plans, the company faces headwinds from geopolitical tensions, with the US looking to acquire control of advanced chips to China, according to the news outlet.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:1101
Asia

TCC Group's Dutch Unit to Reorganize European Structure

TCC Group's (TPE:1101) Netherlands-based subsidiary, TCC Dutch Holdings, will register a new subsidiary, TCC Energy, to acquire 100% of NHOA shares from TCC Europe, worth 232.6 million euros, according to a Sunday filing with the Taiwan Exchange.The green environmental engineering company's shares were up over 1% in recent trade.The transaction is an internal organizational restructuring exercise, with TCC Dutch set to inject capital into the new unit.The transaction is for the long-term investment and will be carried out according to the subsidiary's capital increase schedule.

TPE:1101
Asia

TCC Group Unit to Halt Operations at Guigang, China Unit After Flood and Typhoon Damage

TCC Group (TPE:1101) unit TCC (Guigang) Cement is expected to suspend operations for about one month after flooding and related damage caused by Typhoon Maysak and its remnants, according to a Wednesday Taiwan Exchange filing.Shares slid over 1% in Thursday's late morning trade.The company said flooding, river backflow and reservoir discharge damaged equipment at the Guangxi, China, plant.To maintain customer supply, production will be temporarily supported by its Yingde plant in Guangdong, China.TCC said all employees are safe, and the financial and operational impact is still being assessed.

TPE:1101

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