Reported 8 months ago
Formosa Plastics Group's stock prices have been weak, leading to concerns from shareholders. During three consecutive shareholders' meetings this week, the chairmen of the group's companies apologized for last year's poor performance but also announced strategies for differentiation, high technology, healthcare, new energy, and new businesses to boost investor confidence. With the approach of the new product season, and the rising prices of raw materials, copper, and air and sea transportation, along with the strong declaration of transformation by Formosa Plastics Group's chairman, the stock prices finally rebounded, making all nine listed stocks in the group close in the green. Their transformation plan focuses on high technology, healthcare, and energy, with efforts such as developing semiconductor-grade chemicals and gases, anti-adhesion technology for medical applications, and products for clean energy. This shift aims to strengthen Formosa Plastics Group's competitive edge in a changing global economy and supply chain, successfully showcasing their ambitious transformation goals.
Source: YAHOO