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BizLink Launches Primary Listing on TWSE

2011/04/22 | By Ben Shen

Taipei, April 22, 2011 (CENS)--On April 21, BizLink Holding Inc. (“BizLink”, stock code: 3665) launched the primary listing as a foreign company on the Taiwan Stock Exchange (TWSE) at the initial public offering price of NT$56. On the first trading day, the company,s share price closed at NT$69, shooting up 23.21% from the offering price.

BizLink is a leading global supplier of interconnectivity solutions with state-of-the-art facilities around the globe. Its major product lines are cable assembly, wiring harnesses and connectors for the computer, medical equipment, communication, automotive and solar power. As a vertically integrated group, BizLink has its own manufacturing facilities in the fields of cable assembly, connectors, wire extrusion and fiber optic components.

BizLink's product lines are vertically integrated and diversified, and therefore its position will not be affected by a single major change in the market. The company has been well recognized business partners for its superior product quality and company goodwill. It has many service locations to satisfy all customers in different levels worldwide.

BizLink chairman T.H. Liang said his company will be able to grab a sales growth of over 20% in the second quarter of this year, due mainly to contribution from the products needed by the automobile industry.

BizLink posted NT$5.145 bilion in consolidated sales in 2010. With a 27.61% average gross profit margin, the company registered NT$405 million in after-tax earnings, or NT$7.23 per share, last year.