The Taiex Index (TWSE) fell 0.1 percent to 8,043.92.
Cathay Financial Holding Co. (2882) (2882 TT), Taiwan’s largest listed financial holding company, gained 1.9 percent to NT$35.20, the highest since Feb. 15. The company’s board plans to raise as much as NT$40 billion ($1.36 billion) by selling 1 billion new shares, and to sell as much as $400 million in overseas convertible bonds at zero coupon to replenish working capital, according to company statements to the Taiwan stock exchange on March 16.
Formosa Chemicals & Fibre Corp. (1326) (1326 TT) dropped 3 percent to NT$87.50, the most since Dec. 6. The company posted 2011 net income of NT$33 billion, according to a statement to the Taiwan stock exchange, compared with the NT$36.8 billion average of analyst estimates compiled by Bloomberg.
HannStar Display Corp. (6116) (6116 TT) slid 6.9 percent to NT$3.10, the lowest close since Feb. 10. The company plans to sell as many as 500 million shares to repay debts, according to a statement to the Taiwan stock exchange.
Taiwan Semiconductor Manufacturing Co. (2330) (2330 TT), the world’s largest contract maker of semiconductors, advanced 3.2 percent to a record high of NT$83.70. The company said it will probably boost spending amid growing demand for advanced technologies.
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