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Hua Nan eyes stable profit - Taipei Times

Hua Nan Financial Holding Co (華南金控) is seeking stable profit recovery for the rest of this year after net income in the first six months declined 14 percent from a year earlier amid drastic financial market volatility, the state-run conglomerate said yesterday.
Hua Nan said it would turn conservative about investment and stay on the sidelines to see how inflation and geopolitical tensions pan out.
Financial market volatility caused by Russia’s invasion of Ukraine, inflation and interest rate hikes squeezed profitability at the group, Hua Nan president Robert Li (李耀卿) told an online investors’ conference.
Net income for the first half was NT$7.99 ....

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Electric bus maker secures NT$1.5bn syndicated loan

RAC Electric Vehicles Inc (華德動能科技) has secured a NT$1.5 billion (US$50.2 million) syndicated loan to fund its capacity expansion after receiving significant orders from customers, the electric bus manufacturer said yesterday.
Hua Nan Commercial Bank (華南銀行) acted as the lead arranger of the syndicated loan, with 15 other banks participating, RAC said in a statement.
The lenders have oversubscribed to the loan by more than 100 percent, it said.
RAC has won bids to supply 169 new electric buses to the nation’s major bus operators, including Capital Bus Co (首都客運), Danan Bus Co (大南客運) and Geya Bus Transport Co (巨業交通), through a ....

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Hua Nan seeks to extend growth in second half

Hua Nan seeks to extend growth in second half
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.

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