California-based Dahon has formed a new Taiwanese subsidiary and plans
to list its shares on the Taiwan Stock Exchange, the company’s founder
announced during the Tapei Cycle Show.
The new company, Dahon TW (Taiwan) LLP, will engage in
research and development, purchasing and distribution of Dahon’s folding
bikes. It will be led by Cathy Chen, who has been appointed as vice
general manager.
The
initial public offering will be managed by the Taiwanese firm KGI
Securities, which does extensive work scouting international investment
opportunities for its clients.
Though Dr. David Hon, came up with the idea for a
folding bike while working as a physicist in California’s aerospace
industry, he actually built the company’s first bicycle factory in
Taiwan in 1982 after raising venture capital from friends.
His brother
Henry Hon, a computer programmer, joined him on the marketing end of the
business in 1984 and the company went on to pioneer the design and
marketing of folding bikes, which have become popular in many European
cities. Dahon has made most its bikes at a factory it opened in
Shenzhen, China since 1995.
In 1996, the company allowed itself to be
featured as a success story to help Taiwan recruit foreign investment
and the company has won numerous design awards from Taiwanese cycling
organizations.
Aucun commentaire:
Enregistrer un commentaire