Ching Chan Optical Technology Goes Listed on Emerging Stock Market; Subscription Price at NTD70 Per Share

Ching Chan Optical Technology Co., Ltd., the fastener optical sorting machine giant, has been listed on the emerging stock market since April 6. The subscription price is NTD70 per share.

The company was established in 1994, manufacturing fastener optical sorting machine, fastener former, packaging machine and offering full inspection service. It has a complete global deployment and distributing network across global major industrial countries. It offers patented products with competitive prices.

The company's consolidated revenues of 2015 reached NTD 720 million, up 31% from NTD 547 million of 2014. Profit gain at NTD 129 million. Earnings per share at NTD5.27.

Notably, the company tapped into the R&D of fastener forming machinery in 2014. It formed an R&D team of 50 people, developing a high speed fastener forming machine (400 pcs per minute). So far the purchase orders are on the increase, and performance gain is expected for the future.

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