Reported about 1 year ago
Following the shareholders meeting of Wealthy Generation (6264), Chairman Zhu Wendian expressed optimism about the housing market, attributing the potential 10-year boom to the demand generated by the AI industry linked to TSMC. Zhu mentioned plans to sell investment real estate to end 5 years of losses and develop a 37-hectare forest in Wulai, New Taipei City for a resort area and forest bank. Despite 5 consecutive years of losses, Wealthy Generation aims to turn a profit this year by selling properties and investing in urban land development projects in Taipei and New Taipei, reflecting positive projections for the company's future.
Source: YAHOO