Yulon to spend NT$12.7bn on its vehicle research unitBy Lisa Wang / Staff reporterYulon Motor Co (裕隆汽車) yesterday said that it is to invest NT$12.7 billion (US$430.39 million) in its Hua-chuang Automobile Information Technical Center (華創車電) research unit after it in May cut the unit’s share capital by 99.9 percent, or NT$3.28 billion. Yulon Motor Co spokesman and vice president Steven Lo, left, and vice president Lee Chien-hui pose for a photograph at the company’s investors’ conference in Taipei yesterday. Photo: Amy Yang, Taipei TimesThe new company “is to be set up in the fourth quarter,” Yulon vice president Lee Chien-hui (李建輝) told an investors’ conference. That translated into earnings per share of NT$0.5, compared with losses per share of NT$0.93 a year earlier. Revenue shrank 9 percent year-on-year to NT$37.37 billion from NT$41 billion, as car sales fell by 3,800 units.

Source: Taipei Times August 19, 2020 15:56 UTC