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Friday, October 22, 2004
Taiwan ODD maker Quanta Storage adds to investment in China subsidiary

Quanta Storage, the largest manufacturer of slim-type optical disc drives in Taiwan, on October 19 announced additional investment of US$18 million in its China subsidiary, Quanta Storage (Shanghai).

With the investment, the subsidiary?s paid-in capital will increase from US$12 million to US$30 million.

Currently, the subsidiary is Quanta Storage?s only production base and only investment project in China. In addition to ODDs, the subsidiary produces optical instruments and related components.

Including the additional investment, Quanta Storage will have invested US$30 million in the subsidiary, accounting for 49.04% of its paid-in capital, 7.7% of its total assets and 22.91% of its shareholder equity. Over the past three years, the company has suffered a total loss of 22.28 million yuan (US$2.69 million) from the investment in the subsidiary.

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