WPG Holdings (TSE:3702) is publicly listed on Taiwan Stock Exchange on 9, November 2005
2005-11-09
“WPG Holdings Limited” (WPG), jointly established by World Peace Industrial Co. Ltd (WPI) and Silicon Applications Corp. (SAC) is publicly listed on Taiwan Stock Exchange on 09 November, TWSE:3702. On the same day, WPI and SAC are both de-listed. WPI and SAC shares are concurrently converted to WPG shares.
WPG capital size is NTD$6,932,020,220, Mr. Simon Huang is positioned Chairman and Managing Director, and Mr. K.Y. Chen is posted Vice Chairman. WPG is positioned to engage in back-end synergy management, front-end coordination, capital market (funding, M&A…..) activities and investor relations. In the near future, through more efficient and competitive integrated back-end management platform, WPG is expected to crystallize resource sharing benefits within the cross boarder logistics, financing tasks and back-end operations.
The establishment of WPG, a pioneer jointly founded by the publicly-listed companies in the industry cycle (non financial institutions), benchmarks in domestic capital market and industry environment. This very initiate is approximately one year of thorough planning. Based on both companies’ existing domestic and overseas sales network, as well as the most comprehensive product lines, WPG is able to reinforce customer one-stop shopping fulfillment, leveraging on an increasingly competitive integration of backend support and operating efficiency; in the meantime optimizing both parties’ operation flexibility. The synergy resulting from WPI and SAC integration, along with the previous adoption of 100% of RichPower Technology’s shares, further brings WPG to rank the top three IC component distributors in the globe. For the first 3 quarters 2005, we have achieved consolidated pro forma revenues of NTD$82.6 billion; total asset has surpassed NTD$47.5 billion, with a total number of employees of 2,400 in more than 30 sales offices. Net- net we have outpaced rivals in APAC regions in terms of scale, and further closing the gap with industry leader.
About WPI Group
World Peace Industrial Co. Ltd. (WPI)’s current capitalization is NTD$4.4 billion; 2004 audited consolidated revenues were NTD$75.5 billion, pretax incomes were NTD$1.35 billion. WPI is Asia’s largest electronic component distributor, with sales offices across regions including Hong Kong, China, Singapore, Malaysia, Thailand, Philippines, India, and Australia. WPI is dedicated to ensuring a comprehensive coverage of the APAC semiconductor arena, integrating the 3C market to maximize its economies of scale. WPI is the world’s first semiconductor component distributor, its 2004 APAC regional sales has accomplished the impressive record high watermark of USD$2 billion.
About Silicon Applications Corp.
Silicon Applications Corp.’s (SAC) current capitalization is NTD$1.69 billion; 2004 audited consolidated revenues were NTD$27 billion; pretax incomes were NTD$370 million. SAC is Taiwan’s 3rd largest electronic component distributor, with sales offices across regions including Hong Kong, China, South East Asia, and Korea; particularly in the China semiconductor component arena, SAC has demonstrated its long-standing operation supremacy.
About RichPower
RichPower Technology Ltd.’s current capitalization is NTD$700 million, 2004 audited revenues were NTD$7.56 billion, pretax incomes were NTD$194 million. RichPower Technology Ltd. Is a Taiwan-based electronic component distribution company, specializing in marketing and sales activities for franchised multinational products. RichPower holds marketing and technical supremacy and operates upon sound and healthy business foundations.
IR contacts：Cliff Yuan/ Rita Chen：(02) 2788-5200 ir@WPGholdings.com
Corporate website: www.WPGholdings.com
WPG capital size is NTD$6,932,020,220, Mr. Simon Huang is positioned Chairman and Managing Director, and Mr. K.Y. Chen is posted Vice Chairman. WPG is positioned to engage in back-end synergy management, front-end coordination, capital market (funding, M&A…..) activities and investor relations. In the near future, through more efficient and competitive integrated back-end management platform, WPG is expected to crystallize resource sharing benefits within the cross boarder logistics, financing tasks and back-end operations.
The establishment of WPG, a pioneer jointly founded by the publicly-listed companies in the industry cycle (non financial institutions), benchmarks in domestic capital market and industry environment. This very initiate is approximately one year of thorough planning. Based on both companies’ existing domestic and overseas sales network, as well as the most comprehensive product lines, WPG is able to reinforce customer one-stop shopping fulfillment, leveraging on an increasingly competitive integration of backend support and operating efficiency; in the meantime optimizing both parties’ operation flexibility. The synergy resulting from WPI and SAC integration, along with the previous adoption of 100% of RichPower Technology’s shares, further brings WPG to rank the top three IC component distributors in the globe. For the first 3 quarters 2005, we have achieved consolidated pro forma revenues of NTD$82.6 billion; total asset has surpassed NTD$47.5 billion, with a total number of employees of 2,400 in more than 30 sales offices. Net- net we have outpaced rivals in APAC regions in terms of scale, and further closing the gap with industry leader.
About WPI Group
World Peace Industrial Co. Ltd. (WPI)’s current capitalization is NTD$4.4 billion; 2004 audited consolidated revenues were NTD$75.5 billion, pretax incomes were NTD$1.35 billion. WPI is Asia’s largest electronic component distributor, with sales offices across regions including Hong Kong, China, Singapore, Malaysia, Thailand, Philippines, India, and Australia. WPI is dedicated to ensuring a comprehensive coverage of the APAC semiconductor arena, integrating the 3C market to maximize its economies of scale. WPI is the world’s first semiconductor component distributor, its 2004 APAC regional sales has accomplished the impressive record high watermark of USD$2 billion.
About Silicon Applications Corp.
Silicon Applications Corp.’s (SAC) current capitalization is NTD$1.69 billion; 2004 audited consolidated revenues were NTD$27 billion; pretax incomes were NTD$370 million. SAC is Taiwan’s 3rd largest electronic component distributor, with sales offices across regions including Hong Kong, China, South East Asia, and Korea; particularly in the China semiconductor component arena, SAC has demonstrated its long-standing operation supremacy.
About RichPower
RichPower Technology Ltd.’s current capitalization is NTD$700 million, 2004 audited revenues were NTD$7.56 billion, pretax incomes were NTD$194 million. RichPower Technology Ltd. Is a Taiwan-based electronic component distribution company, specializing in marketing and sales activities for franchised multinational products. RichPower holds marketing and technical supremacy and operates upon sound and healthy business foundations.
IR contacts：Cliff Yuan/ Rita Chen：(02) 2788-5200 ir@WPGholdings.com
Corporate website: www.WPGholdings.com