Financial Losses Forces Tailon to Undergo Capital Reduction

Taiwanese LED manufacturer Tailon announced it will undergo capital reduction, as part of its effort to halt financial bleeding, restructure finances, and improve its financial operations.

The company intends to reduce capital amounting to NT $1.22 billion (US $37.51 million), and is still awaiting for approval from related government institutions to ensure the application meets financial regulations.

Following the capital reduction, nearly 90% of the vendor’s paid in capital would have evaporated leaving a mere NT $139.01 million.

The Taiwanese vendor that manufactures LED light bar, LED backlight module, and transformer incurred heavy losses in 2016.

In 2015, the company’s net value was NT$ 112 million, and its share value has soared 882.93% from NT $0.82 per share to NT$8.06. This financial development is expected to stabilize its financial structure, and benefit its future developments. 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

- LED technology makes extremely space-saving disinfection applications possible - UV-C light can eliminate up to 99.9 percent of viruses and bacteria - Osram Opto Semiconductors is driving industrialization of UV-C LEDs Installed in space-sav... READ MORE

New LUXEON LED® with BIOS SkyBlue® Circadian technology eliminates barriers to better Human Centric Lighting Today, Human Centric Lighting (HCL) innovator BIOS, and global lighting solutions provider Lumileds®, have joined forces t... READ MORE