Tatung chairman expects to report profit this year taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Although the number of mergers and acquisitions (M&As) last year fell, the overall value surged 47 percent from a year earlier, propelled by US-China trade tensions, technological innovations and a realignment of the electronics supply chain, an annual report by PricewaterhouseCoopers (PwC) Taiwan said yesterday.
“The M&A market took a hit from the COVID-19 pandemic last year, but may regain dynamism this year, helped by sustained monetary easing by global central banks and expectations of an economic recovery from the pandemic,” Lu Ming-kuang (盧明光), chairman of the Taiwan Mergers & Acquisitions and Private Equity Council (台灣併購與私募協會), said in the report.
Taiwanese firms,
Tatung and Tangeng ink deal over electric vehicles
By Lisa Wang / Staff reporter
Tatung Co (大同) yesterday signed a supply contract with Tangeng Advanced Vehicles Co (唐榮車輛), paving the way for the firms to deepen their partnership as they seek a share of the global electric vehicle market.
Tatung is to supply 100 high-efficiency power systems for electric buses to Tangeng, Tatung said in a statement.
The power systems include motors and driving components, it said.
From left, Tangeng Advanced Vehicles Co chairman Jonathan Ho, Tatung Co chairman Lu Ming-kuang and Tatung executive vice president Tai Feng-shu attend a news conference in Taipei yesterday.
2020/12/23 12:43 Lu Ming-kuang (National Chiao Tung University photo) Lu Ming-kuang (National Chiao Tung University photo) TAIPEI (Taiwan News) The former chairman of Sino-American Silicon Products Inc. (SAS, 中美矽晶), Lu Ming-kuang (盧明光), has taken the reins of long-standing home appliances company Tatung (大同) following Tuesday s (Dec. 22) surprise dismissal of incumbent Lin Wen-yuan (林文淵). Chung Yi-wen (鍾依文), who played a prominent role in the leadership of electronics contract manufacturer Foxconn, has assumed the position of general manager of Tatung. The announcement was made in a press conference on Wednesday (Dec. 23), reported CNA. Lu, 72, a business tycoon who has been dubbed the “acquisition king,” is best known for spearheading four acquisitions during his stint as SAS’ chair between 2007 and 2020. His leadership propelled SAS to its status as Taiwan’s leading silico
Tatung appoints new chairman - Taipei Times taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.