Taiwan-based Eiso Enterprise will be listed on the Taiwan over-the-counter (OTC) stock market at an initial price of NT$32 (US$1.03) per share on December 23, according to the company.
Eiso specializes in the manufacture of niche-market PCBs, such as metal-core PCBs for LED TVs and other LED backlight units. Unity Opto Technology is reportedly among its major clients.
Eiso also manufactures LED lamps and other LED lighting products, and is looking to extend its market reach with a new product line for bicycle lights.
Eiso was founded in 1994 with NT$292 million in capital. For the first three quarters of 2014, the company generated consolidated revenues of NT$1.23 billion with gross margin improving 3pp from a year earlier to 19.12%. Net profits for the nine-month period increased 43.3% on year to NT$92 million, or NT$3.15 a share.
