Sunfun Info Co. (5278): Increase of Subsidiary by NT$1 Billion and Initiation of 10-for-1 Stock Split Plan
- Written by Media Outreach
Sunfun's CEO, Calvin Chia-Ming Chang, stated, "Inspired by Nvidia's founder, Jensen Huang, Sunfun aims to increase stock liquidity and trading volume through this 10-for-1 stock split." Additionally, the board recently approved and completed a capital increase plan for its subsidiary, Daiken Biomedical, amounting to NT$1 billion, which is intended to bolster Daiken's operating capital. Daiken Biomedical also plans to expand into overseas markets, such as Australia and Japan, to scale up operations. Daiken Biomedical initiated a public offering plan earlier this year, with KGI Securities as the lead underwriter, aiming for a public offering and listing on the Emerging Stock Market by the end of this year. It is estimated that Sunfun will still hold over 90% of Daiken Biomedical's shares at the time of listing.
Simultaneously, Chairman Chang also announced a partnership with WiAdvance Technology, an innovative cloud service provider under Wistron Corporation, to jointly develop diversified AI innovative services and further penetrate AI market applications. This collaboration will leverage the technological strengths of both parties, aiming to deliver more innovative and efficient AI solutions to the market.
In terms of business expansion, Sunfun’s product, "Mayfun" (www.mayfunapp.com), has attracted over 14,000 buyers and real estate agents. The company is also actively investing in and expanding into the overseas real estate market, currently negotiating with international developers in Japan and Australia. Key target cities include Tokyo and Kumamoto in Japan, as well as Brisbane and the Gold Coast in Australia. Meanwhile, Sunfun's environmentally-focused project "KOFO", dedicated to achieving global net-zero carbon emissions by 2050, has successfully planted over 89,716 trees worldwide, demonstrating the company’s strong commitment to corporate social responsibility and environmental protection.
Sunfun International continues to drive steady growth by expanding into international markets, developing AI automation applications, and focusing on green energy and technological innovation. These initiatives aim to create greater value for its shareholders and society.
Hashtag: #Sunfun #StockSplit #AI #DaikenBiomedical #MayfunApp
The issuer is solely responsible for the content of this announcement.
