1435.TWSE: Chung Fu Tex-International Corporration
Below is just a sample of the Company website (source: About / History ) Story Floods has reviewed with some preliminary suggestions. Should the Company decides to accept these edits, please extend the professional curtesy of informing Story Floods at support@storyfloods.com ; or if the Company has further questions, please also feel free to contact Story Floods at support@storyfloods.com
| Items | Suggest the Following Edits (as of Feb 10, 2021) |
|---|---|
| 1 | change to “The Company was founded in 1960 in Zhonghe Taipei County, by Mr. Kuo-Chang Huang, in order to manufacture diversified sets of cotton yarns.” |
| 2 | change to “In 1968, the Company commenced business expansion and purchased a piece of land to build a factory in Taoyuan. This resulted in a 12,000 spindles factory for yarn knitting manufacture.” |
| 3 | change to “The factories were named Chung Cho Textile Guanyin factory and the Chung Cho Textile Zhonghe factory.” |
| 4 | change to “At that time, the bulk of the raw materials imported from foreign countries, such as cotton, soybean, sugar, etc., were rationed under the foreign currency exchange policy.” |
| 5 | change to “Therefore, raw materials were imported primarily by the Bureau of Commodity, and only licensed companies can purchase these materials for utilization.” |
| 6 | change to “The policies mandated that only the licensed companies can utilize the imported raw materials and cooperate with other enterprises as guarantors. As a result, the Company merged with San Da company in Changhua. The merged entity was renamed as Chung Tai Textile factory in compliance to the government policies.” |
