TPE:2542

2 stories mentioning TPE:2542Updated just now

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Highwealth Construction to Inject NT$600 Million in Subsidiary

Highwealth Construction (TPE:2542) is targeting a second cash capital increase of its subsidiary, Yuansheng International Development, according to a Tuesday filing with the Taiwan Exchange.Under the exercise, the construction firm will subscribe to 60 million shares at NT$10 per share, thereby investing NT$600 million in its unit.The capital increase is aimed at meeting the subsidiary's future business development needs and to replenish its working capital.

TPE:2542

Asia3h ago

Highwealth Construction Outsources Three Construction Projects to Unit

Highwealth Construction (TPE:2542) awarded three construction contracts to its unit, Chyi Yuh Construction, according to a Tuesday Taiwan Exchange filing.The largest contract, worth NT$40.2 billion, is for a project on Shijia Section land in Kaohsiung, Taiwan.The company also awarded a NT$43.5 million contract for a project, and a NT$95 million contract for another project. Both projects are located in Sanmin District in Kaohsiung, Taiwan.Highwealth said the outsourcing will increase operating income.

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