http://infopub.sgx.com/FileOpen/EnterexI...eID=318436
Enterex International Limited (“Enterex”) was founded in 1984, specializing in
automotive radiators and condensers, as well as intercoolers and evaporators for
passenger vehicles and industrial vehicles. Enterex set up its manufacturing
facility in China in 1996 in Yangzhou. The Yangzhou facility is built to provide
stable and sufficient capacity and to vertically integrate manufacturing process
for the purpose of streamlining manufacturing cost and yield. With its high
production quality and diverse product mix, Enterex has become one of the
leading aftermarket suppliers in North America’s automotive sector. Furthermore,
to take full of its geographical advantages, Enterex has begun OEM contracts
with auto-makers in China, which will be one of the most lucrative growth factor
in the next few years.
Hotung Group has invested in Enterex since September 2013 to assist Enterex
in stock diversification to conform to the relevant regulations of Taiwan Stock
Exchange Corporation (“TWSE”). The 2013 consolidated audited sales
revenues of Enterex reached NT$4.3 billion (US$143 million), which was a 15%
growth year-on-year. Enterex has been approved by TWSE and plans to debut
on TWSE on the 16th of October 2014.
Another successful investment from Hotung's portfolio, but not sure what's the financial impact....
