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Fellowtech---Establishment of a new company for silicon parts business in Malaysia, capital increase for existing subsidiaries and transfer to specific subsidiaries.
On the 18th, Ferrotec Holdings <6890> announced the establishment of Ferrotec Silicon (Malaysia) SDN BHD, a subsidiary for the manufacture of silicon parts in the southern region of Malaysia, as well as the construction of a new plant in the same area. The silicon parts business, which is one of the semiconductor material products, has grown rapidly in recent years due to the increasing demand for semiconductor manufacturing equipment. On the production side, in China, Hangzhou, Yinchuan,
Fellowtech --- a new company for metal processing outsourcing business in Changshan region of China (subsidiary) has been established.
Ferro Tech Holdings <6890> announced on the 18th that it has decided to establish a new company, Zhejiang Fulude Semiconductor Material Co., Ltd., which mainly engages in metal entrusted processing, in joint venture with FTAP, a subsidiary, and Changshan Government Investment Enterprise, as well as constructing a new plant in Changshan district. The new company will become a consolidated subsidiary of the company and is expected to exceed 10% of the company's capital stock, which falls under the category of specified subsidiaries. As a result of this, there will be an increase of 0.1 billion yuan.
FellowTech Holdings - construction of a new factory for sensor business subsidiary in Lishui, China.
Fellow Tech Holdings <6890> announced on the 18th that it will invest RMB 500 million 22.33 million (approximately JPY 1.6 billion) in the construction of a new plant at its Chinese sensor subsidiary, Zhejiang Fulede Sensing Technology Co., Ltd. (hereinafter "FTSL"). Furthermore, until December 15, 2023, FTSL's name was known as Zhejiang Fulede Information Technology Co., Ltd., but was officially changed to Zhejiang Fulede Sensing Technology Co., Ltd., which was also announced. The construction of the building will begin in July 2024.
The next generation iPhone has a shipping target of over 90 million units within this year.
Apple aims to ship at least 90 million units of its next-generation smart phone, the iPhone 16, in the later half of this year, according to sources. The company reportedly informed its suppliers and partner companies that it aims for a 10% increase in shipment volume compared to the previous model. <4005> Sumitomo Chemical <5201> AGC <5802> Sumitomo Electric Industries
FellowTech has withdrawn its application for listing on the Star Market of the Shanghai Stock Exchange via CCMC.
Ferro Tech Holdings <6890> announced on the 4th that its semiconductor wafer equity method related company, Hangzhou Zhongxin Jingyuan Semiconductor Stock (CCMC), withdrew its listing application to the Star Market of the Shanghai Stock Exchange, and the exchange announced the end of the listing review on the 3rd. With the strict review of IPO by China Securities Regulatory Commission in recent times, it was comprehensively determined based on the response to the requirements of the Shanghai Stock Exchange. CCMC will continue to resume its stock listing application at an appropriate time.
Investment Strategy for July 5th [Today]
[FISCO Selected Stock][Material Stock] Aoki Holdings, a drugstore company with a strong presence in Hokuriku, is trading at 2,905.5 yen (as of 7/4). The company announced its financial results for the fiscal year ending in May 2024, with operating profit of 18.5 billion yen (+21.4% YoY), exceeding the previous financial estimate of 17.2 billion yen. For the fiscal year ending in May 2025, the expected operating profit is 25.1 billion yen (+35.2% YoY). They are planning to open new drugstores in 70 locations and aim to handle fresh produce, meat and ready-made meals in all stores except for the small ones.
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