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Catcher Expands Medical Industry Footprint with Additional 300 Million NTD Investment in PAHSCOJul 04, 2024

The leading case manufacturer, Catcher Technology, announced yesterday (July 3rd) that its subsidiary Ear-Far Technology has cumulatively acquired over 300 million NTD worth of common shares In Pacific Hospital Supply Co. (PAHSCO) within a year. Ear-Far currently holds a total of 3,487 shares of PAHSCO, amounting to an investment of 313 million NTD and a stake of approximately 4.8%.

In recent years, Catcher has been actively investing and expanding, focusing on the biotech and medical equipment sectors. Following the acquisition of about 20% of Yi-Tai Technology, Catcher has now invested in the medical equipment manufacturer PAHSCO, with an average acquisition cost of 89.87 NTD per share. 

PAHSCO is a leading performer in the domestic medical equipment industry, earning more than half of its share capital last year with an earnings per share (EPS) of 5.8 NTD and a dividend of 4.8 NTD. The company's solid profitability and dividend policy are key reasons for Catcher 's investment. Additionally, Catcher's other investment, INTAI Technology, is scheduled for ex-dividend on July 8th, having achieved an EPS of 7.05 NTD last year and a dividend of 3.5 NTD per share.

Regarding its transformation strategy, Catcher’s Chairman Shuei-Shu Hong stated at the shareholders' meeting that the company continues to focus on medical equipment and semiconductors. Last year, Catcher invested in high-quality listed companies, including medical device company United Orthopedic Corporation. In the semiconductor field, Catcher is expanding its technology platform through investments in special materials, technologies, and processes, with the expectation that these strategic investments and acquisitions will gradually yield results.

Yesterday, Catcher's stock price fell by 6.5 NTD, closing at 233.5 NTD.

Resource (mandarin):佈局醫療產業 可成再砸3億元入股太醫