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Taiwanese Hand Tool Maker Proxene on Emerging Stock Market from August 8
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2022-09-22
In Taiwan, a company has to trade its shares on the emerging market for at least six months before it can be listed on the main stock exchange or over-the-counter market. Manufacturing industrial adjustable wrenches, pliers, screwdrivers, hexagon socket wrenches, sockets and tool boxes, Proxene began listing its stocks on the emerging market from August 8 at a reference price of NTD 63.5. Its consolidated net profit after tax in first-half 2022 was NTD 83.08 million with an EPS of NTD 5.03, consolidated revenue at NTD 451 million and gross profit margin at 31.17%. In 2021 the company grossed NTD 810 million.
Exporting 80% of its products mostly to the U.S. and Europe, Proxene supplies to global adjustable wrench brands. The company started in 1984 and set up a branch in 2017. It invested NTD 700-800 million in a new plant which integrates smart manufacturing.
伯鑫
手工具
活動扳手
興櫃
Proxene
hand tools
adjustable wrenches
emerging stock market
