Spin-off of Ting Hsin’s Inhon International to go public next year

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By John Liu, The China Post

TAIPEI, Taiwan — Ting Hsin-affiliated information and communications technology (ICT) company Inhon International (應宏集團) on Thursday said it might take one of its five spin-offs public as early as next year. Wei Hung-fan (魏宏帆), president of Inhon International, made the announcement at a public event. Wei Hung-fan is the son of Wei Ing-chou (魏應州), chairman of Ting Hsin International Group (頂新集團), which is the largest instant noodle maker in mainland China and the parent company of Wei Chuan Foods Corporation (味全) and Tingyi(Cayman Islands)Holding Corp (康師傅). Inhon International has five business groups that focus mainly on ICT product development.

Inhon Computer Inc., one of the five groups, presented its self-designed tablet Famorr yesterday. The Famorr tablet combines innovative technology and elegant craftsmanship, company representatives said. Its aluminum frame comes complete with ergonomic design features.

The 7.9-inch Famorr is about the size of an iPad mini and is priced at NT$4,990. It comes in three different colors, red, gold and blue. Going Public Inhon International’s subsidiary Inhon Technologies, which specializes in nanoimprint and precision molds, will spin off and be listed next year, Chairman Wei said yesterday. The nanoimprint technology was developed internally by company employees.

The business group also performs manufacturing work for the world’s five largest laptop sellers. While it owned a 30-percent market share last year, it gained over fifty percent of market share in the first quarter to become the largest supplier in the world. The business group will enter the smartphone market in the second half of the year, aiming for a 60-percent or more market share, Wei said. In order to shorten delivery time, Inhon has invested a lot of human resources into customer service, which is the main force behind the surge in market share, Wei said. Optimism About Growth Potential As laptops and smartphones become more universal, Wei forecasts that consumers will be looking for individualized and tailor-made laptop frames and smartphones cases. As such, Wei expects the demand for nanoimprint technology to stay strong in the future. Revenues from precision molds reached NT$400 million last year, raking in a profit of NT$50 million. The company is shooting for NT$600 million in revenue and NT$100 million in profit this year. In addition to smartphones, tablets and laptops, the company is also diving into software development and may launch a software product this year.

Wei said that the company will explore Cloud technology, given the latest trends in hardware and software integration.