San Shing Fastech Expects to Go Public in September

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The world's largest nut manufacturer, San Shing Fastech, anticipates to go public from the OTC market in September 2011. The legal person indicated that San Shing maintains efficient operation this year. In addition, with the supply of steel materials from China Steel Corporation (Taiwan CSC) and the breakthrough in processing technology, the net income per share after tax for Q1 this year was NT$ 0.83. It is expected to reach NT$ 3.3 for the whole year as the highest record.
 
The legal person said San Shing is the largest nut manufacturer in the world. Its gross production and sale per year is close to 75,000 tons (about 6.6 billion pieces), over 95% among which are for export. The export of nuts accounts for 10% of the global nut market and 1/3 of Taiwanese total nut export. 1/10 of nuts in the world belong to San Shing production. For recent years, it has become more active toward the development of automotive parts and also stands firm as the largest automotive nut manufacturer. While considering going to be a publicly traded company, San Shing once considered changing its share category from steel  to automotive parts, but eventually decided to stay listed as steel category.    
 

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