Taiwan Stock Exchange: Shinfox Energy's Net Worth is Negative, Delisting from June 23
Shinfox Energy, a subsidiary of Cheng Uei Group, will be delisted from the Taiwan Stock Exchange starting June 23 due to its net worth turning negative as shown in its financial report. This follows a massive loss incurred from an offshore wind power project undertaken by its subsidiary.
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- 📰 Published: May 13, 2026 at 21:15
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Central News Agency (Reporter Tseng Jen-kai, Taipei 13th) The Taiwan Stock Exchange announced today that Shinfox Energy, a subsidiary of Cheng Uei Group, has had its listed securities designated as a changed trading method (commonly known as full-cash delivery) starting May 15, and will adopt a block trading system due to its financial report showing a negative net worth. It will be delisted from June 23. Shinfox incurred a severe loss from its subsidiary Fuwai Energy's undertaking of Taipower's Offshore Wind Power Phase 2 project. Shinfox today announced a net loss of NT$1.848 billion attributable to the parent company for the first quarter, with a loss per share of NT$6.73. Its net worth was negative NT$182.23 million. As its net worth has fallen into negative territory, it faces a delisting crisis. (Editor: Chang Chun-mao) 1150513