EXCHANGES
<strong>TWSE names new chairman</strong>
The Taiwan Stock Exchange’s (TWSE) board members yesterday appointed Sherman Lin (林修銘), former chairman of Taiwan Depository and Clearing Corp (台灣集保), as its new chairman, while Chien Lih-chung (簡立忠) remains as TWSE president. Lin would take office today, the board said. Aged 57, Lin would be the youngest TWSE head in 60 years, its records showed. Meanwhile, the board directors of Fundrich Securities Co (基富通證券), a Taiwan Depository and Clearing unit, yesterday appointed Chu Han-chiang (朱漢強), a legal representative of the parent firm, as its new chairperson. TELECOMS
<strong>Taiwan Mobile hikes wages</strong>
Taiwan Mobile Co (台灣大哥大) yesterday said it
FY Group Ltd chairman Tsai Wen-ta, center left, Taiwan Stock Exchange president Chien Lih-chung, center right, and other guests pose for a photograph at the Taiwan Stock Exchange in Taipei yesterday to celebrate FY Group’s listing on the main board. The company, which sells furniture products in Taiwan, China, Europe, Japan and the US, saw its shares close at NT$40.35 in Taipei trading yesterday, 0.88 percent higher than the NT$40 per share for its initial public offering.