JPC and Phison Report Massive Defaults Totaling NT$172 Million

(Central News Agency, reporters Zeng Renkai and He Xiuling, Taipei, June 9) As the Taiwan stock market experiences heightened volatility at high levels, the Taiwan Stock Exchange (TWSE) announced on the evening of June 9 that Shin Kong Securities reported a major payment default by connector manufacturer JPC (Jia Bi Qi), amounting to NT$149.5 million. Simultaneously, the Taipei Exchange (TPEx) announced a payment default by memory controller IC manufacturer Phison (Qun Lian), with a total default amount of NT$22,840,200. The combined default amount for these two reported cases reaches approximately NT$172.34 million.

This is the second major default case for a listed company this year. Prior to this, Macronix reported a major default of NT$59.0239 million on March 5.

According to the T+2 settlement system, the default announced today by the TWSE pertains to stock trades executed on June 5. On that day, the Taiwan stock market fell for a second consecutive session. JPC's stock price briefly dropped to NT$301.5 but closed at NT$325, up NT$8.5.

The Phison default case was reported by two securities firms, Cathay Dun-Nan and Taishin Chaozhou, with a total default amount of NT$22,840,200. This is the 8th default case reported by the TPEx this year.

Observing the individual stock default cases disclosed on the TPEx market this year, in addition to today's Phison case, they include: GlobalWafers-KY on January 15 (NT$10.72 million); LandMark Optoelectronics on April 14 (NT$68.89 million); Co-Tech on April 21 (NT$110.83 million, with an additional NT$23.43 million on April 22); Win Semiconductors on April 27 (NT$96.69 million) and ASMedia on April 27 (NT$32.83 million); and an additional NT$86.69 million for Win Semiconductors on April 28. (Editor: Zhang Liangzhi) 1150609