Keysheen Cayman Launches Primary Listing on TWSE

Taipei, Dec. 7, 2011 (CENS)--Keysheen Cayman Holdings Co., Ltd. yesterday (Dec. 6) launched primary listing on the main board of the Taiwan Stock Exchange (TWSE) at the unit price of NT$76 per share. The company's share price was down 6.18% to close at NT$71.3 on the first trading day. (There is no limit for the ups and downs of the share prices for the primary-listing firm in the first five trading days).

With over three decades of experiences in developing and producing outdoor metal furniture, Keysheen (stock code: 8427) has been involved manufacturing the products meeting the need of aging people, in line with the change in industrial structure, with major clients spreading to the U.S. and European nations.

To grab the massive business opportunities released by the aging society, Keysheen is active in developing and producing health appliances and medical beds with the advantage of mass production.

As a direct-marketing retailer, Keysheen has seen major clients coming from the world's prominent retailers and distributors, including WalMart Group, Kroger Group, HBC Group and Argos Group. At present, the company is striving to position itself as an offshore distribution center to engage in sorting goods before shipments in accordance with clients' requirements. In this way, the company will be able to help foreign clients reduce costs in goods resorting and logistics.

Keysheen, founded in Taiwan in 1972, was originally a processor of automobile parts and un-finished outdoor furniture. Since 1995, the company has gradually moved production to suburban Shanghai of China with the establishment of integrated production.

Over the past three years, the company recorded outstanding performance with per-share net profits reaching NT$4.95, NT$11.1 and NT$10.9 in 2008, 2009 and 2010, respectively.

After listing on domestic bourse, Keysheen will use the proceeds generated from the share listing to expand automated production processes in-house and boost its competing edge in the international marketplace.