Yeong Guan Launches Primary Listing on TWSE

Taipei, April 30, 2012 (CENS)--Yeong Guan Energy Technology Group Co., Ltd. (stock code: 1589), registered in Cayman Islands, began public trading on the main board of the Taiwan Stock Exchange (TWSE) at the launch price of NT$35 per share. In the first trading day, the company's share price closed at NT$52.9, down NT$0.1 with 2.689 million shares changed hand.

Yeong Guan is mainly engaged in the production of high-quality customized ductile iron castings and grey iron castings via a hand-molding process. The castings are integral to plastic injection molding machines, large-sized precision machine tools, large-sized wind turbines for power generation, large-sized high-speed color printing presses, and medical equipments (cancer treatment and Gamma-knife treatment).

Operating primarily in China's Ningbo City of Zhejiang Province, Dongguan City of Guangdong Province, and Liyang City of Jiangsu Province, the company owns four foundries, one casting machine shop and one scrap metal recycling plant, as well as three foreign-registered trading companies, all of which employed 2,112 staffers as of the end of 2011.

Over the past three years, the company has successfully ventured into the fields of renewable energy, injection-molding machinery, and industrial machinery. The company scored NT$3.94, NT$5.83 and NT$3.72 in after-tax earnings per share on sales of NT$3.179 billion, NT$4.424 billion and NT$5.261 billion in 2009, 2010, and 2011, respectively.

Yeong Guan registered NT$1.11 in EPS on sales of NT$1.284 billion in the first quarter of this year, up 26.14% and 30.23% year-on-year respectively. The company is expected to pay NT$1.5 dividends per share this year.

At present, the company's top-10 clients come from the world's leading manufacturers of wind turbines, injection-molding machines, air compressors and medical equipment.