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Hotung Investment Holdings Ltd, a venture capital firm with
operations in Taiwan, the US and China, was incorporated in March
1997 and has been listed on the Main Board of SGX-ST since August
1997. It is the first and only Taiwan venture capital firm listed on
the Singapore Exchange.
As of 31
Dec. 2007, the Group owned a substantial funds of NT$6,810
million invested in 147 companies. The Group's two business
divisions are Venture Capital Investment and Fund Management
Operation.
In Venture Capital Investment Business, it works through its 5
subsidiaries, Hotung Venture Capital, Daitung Development and
Investment, Litung Venture Capital, Huitung Investments and Futung
Venture Capital. In Fund Management Operations, through Hotung
International Co Ltd. (¡§HIC¡¨) one of Taiwan¡¦s largest venture
capital investment managers, currently manages and/or advises 11
funds globally and internationally. HIC, a value-added partner to
our portfolio of companies, provides management and advisory
services in respect of hundreds of investee companies.
The Group¡¦s investment portfolio is focused on key industry sectors
that include semiconductor, LCD and communications etc. Over 70% of
the Group¡¦s portfolio investments are in the greater China region,
while the rest is basedin the US. In 2007, the Group made a total of
56 divestments, yielding capital gains of NT$951.5 million. Of
these, 39 portfolio companies were fully divested, while 27
portfolio companies were partially divested.
Hotung Group was formerly known as Hotung Venture Capital Corp
("Hotung VC"). Hotung VC was founded by Tai Lung Capital Inc.
(formally known as Tai Lung Corp.) NIF SMBC Ventures
Co.,Ltd.(formally known as Nippon Investment & Finance Co Ltd) and
Mega International Commercial Bank (formally known as Chiao Tung
Commercial Bank Co Ltd) in June 1987. In 1997, as part of the
restructuring exercise conducted for purposes of the Company's
public offering, the venture capital fund management contracts were
transferred from Hotung VC to Hotung International Co.,Ltd. and
Hotung VC became purely a venture capital fund. Hotung Investment
Holdings Ltd was incorporated in Bermuda on 5 March 1997.
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