Taipower Pays Additional NT$5.5 Billion; Cheng Uei to Recover Approx. NT$1.4 Billion Loss
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Taipower has agreed to pay an additional NT$55.57 billion to Foxwell Energy, a subsidiary of Cheng Uei Precision, for an offshore wind power project. This is expected to allow Cheng Uei to recognize a loss recovery of nearly NT$1.4 billion, boosting its stock price.