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| Asia Plastic Recycling Holding Limited completed a successful initial public offering.
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| 08/17/2011 |
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| Asia Plastic Recycling Holding Limited (TSE:1337) completed a successful IPO with NT$95 per share. The company's main product is ethylene-acid ethylene (EVA) foam material, can be applied to the sole materials, luggage (suitcase, backpack, inner liner), toys, sporting goods and building materials. Due to new capacity added, the company combined revenues of $ 1.277 billion in the second quarter, representing a 40% increase in the first quarter, net profit after tax of $ 296 million, quarter increased 52.5%, net profit after tax of $ 2.41 per share, better than originally expected, net profit after tax to $ 4.01 per share in the first half.
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