Ubiqconn Technology, a subsidiary, has officially listed its shares with the stock code 6928.
The Company, FICG, has elected a new Chairman. Dr. Chien Ming-Jeh, the former Chairman, will serve as Honorary Chairman, while Mr. Chien Leo Ming Tz will assume the position of the new Chairman.
The stock of the subsidiary, Ubiqconn Technology Inc., was publicly listed in Taiwan in October. Held by the Company. The Company holds a 65.79% stake of Ubiqconn Technology Inc.
The Company issued its first domestic unsecured convertible bonds, raising NTD 707,000,000 for operational funds. The bonds have been available for trading at securities firms’ counters since September 10.
To improve stock liquidity, the Company applied for a private placement of common stocks (121,000,000 shares) and completed the public offering process. The floating ratio of common stocks has increased from 25.40% to 88.97%.
To offset losses and improve financial structure, the Company has resolved at the 2018 Annual General Shareholders’ Meeting and obtained approval from the FSC to reduce capital by eliminating a portion of the shares. The capital reduction amounts to NTD 1,903,445,550, with the elimination of 190,344,555 shares (including 142,000,000 privately placed common stocks), representing a 50% reduction ratio. After the capital reduction, the total number of shares issued was 190,344,554 shares (including 142,000,000 privately placed common stocks), with a par value of NTD 10 per share, resulting in a paid-in capital of NTD 1,903,445,540.
To strengthen its operating capital, the subsidiary, FIC, issued 35,000 thousand new shares at a par value of NTD 10 per share and an issue price of NTD 12 per share in October. The total amount raised was NTD 420,000 thousand. In order to improve the Company’s financial structure and make up for losses, the Company reduced capital by 132,390 thousand shares in the same month.
To expand its production capacity, the subsidiary, Ubiqconn Technology, established a new assembly plant in Zhonghe, which officially opened for operations on July 1.
In December, 60,000 thousand common stocks were issued through a cash capital increase, with a par value of NTD 10 per share and an issue price of NTD 7 per share, raising a total of NTD 420,000 thousand.
To diversify investments and form strategic alliances with other industries, as well as to expand into the green energy sector, subsidiary FIC established City Smarter Technologies Corporation, which officially began operations on May 19.
To enhance overall operational performance and strengthen competitiveness, the subsidiary 3CEMS Corp., has reorganized its structure. In addition to the existing EMS business group managed by 3CEMS Corp., a new division, Broad Corp., has been established to focus on the PCB business group.
To expand PCBA production capacity, the subsidiary 3CEMS has of launched the Jinchuan Plant in Chang’an, Dongguan. Additionally, to enhance capacity for PCB drilling, automatic optical inspection (AOI), and molding processes, 3CEMS has completed the construction of the Guangyuan No.3 Plant in Gaungzhou. The new plant will significantly contribute to the group’s overall production capacity.
In March, 110,000 thousand common stocks were issued through a private placement, and in April, 50,000 thousand common stocks were issued through a private placement.
To focus on the development and sales of IPC-related products, a subsidiary named Ubiqconn Technology Inc., was established and officially commenced operations on June 28.
On May 10, the Company’s software design subsidiary, Zhongwang Cybersecurity Co., Ltd., was merged into FIC through a simple merger process.
To handle the redemption of Type A registered preferred stocks with warrants upon maturity and to bolster operating capital, 40,000 thousand common stocks were issued through private placement.
To expand overseas factory operations and increase production capacity, in 2009, the subsidiary FIC continued to invest USD 47 million in High Standard Global Corporation and subsequently invested in FIC (Suzhou) Co., Ltd.
The Company’s system integration subsidiaries, Zhongdian Systems Co., Ltd., Uprise Technology Co., Ltd., and Super Network Technology Co., Ltd., merged into Leo Systems Inc., through a share exchange merger, effective on January 1.
The Company’s IPC subsidiary, ATIO system, Inc., merged into FIC through a share exchange merger, effective on December 25.
To invest subsidiaries and strengthen operating capital, 120,000 thousand shares of common stock were issued through private placement.
To expand the operational flexibility of the group and diversify investment risks, as well as to develop multi-wireless communication interface services, especially in financial information, a comprehensive product, operation, and service platform was established. The related companies include Fonestock Technology, Formosa21 Inc., Telelynx Inc., First Communication Inc., and Super Network.
To redeem the matured Type B registered preferred shares, 412,667 thousand shares of Type A registered preferred shares with warrants were issued through a private placement. Simultaneously, in response to the emerging trend of integrating telecom services with enterprise network applications, seven companies were added as affiliates, including Uprise Technology Co., Ltd., First International Telecom Corp. (FITEL), FICTA Technology, Inc., GeoIntelligence Systems Inc., CNLink Networks Ltd., CEMS, and 3CEMS.
In order to execute and industrial holding strategy and division of operations, aimed at achieving comprehensive benefits and independent development, while expanding the group’s operational flexibility and diversifying investments risks, FIC passed a resolution during its 2004 Annual General Shareholders’ Meeting to establish FICG through a share conversion. On December 30, Zhongdian Systems was integrated into the group’s system integration industry.