Kwong Fong Industries Corporation

Company History

1968

”Kwong Fong Industries Corporation” was founded by the previous chairperson Ho Ying-Tsai. The capital stock was NT$20,000,000; the “LIFE” trademark was created.
1976

Shares went public.
1980

Increased the capital to NT$677,430,000.Completed expansion of automatic towel machines in the Towel Factory.
1992

Set up Kwong Fong Holdings Limited through investment.
1998

Set up Pao Fong Investment Management Co., Ltd. through investment.
The company was renamed Pao Fong Asset Management Co., Ltd. in 2003.
2000

Retired 3,474,000 treasury shares; the paid-in capital stood at NT$5,497,834,260.
2001

The Towel Factory ceased operation.
2003

The Board of Directors resolved to fully cease the operation of the Puxin factory.
2005

The Board of Directors resolved to fully cease the operation of the yarn-spinning factories in Taoyuan.
2009

Consolidated the urban land (the land on which Kwong Fong’s Taoyuan factories sat) in Bade City, Taoyuan County and completed the development of the land for the early phase of the urban land consolidation project.
2010

Launched “Kwong Fong Park NO.1” project.
2011

Launched “Kwong Fong Park NO.2” project.
2013

Launched “Kwong Fong Park NO.3” project.
2017

Reduced the capital to NT$1,853,421,680.
“Kwong Fong Plaza” was completed and put into operation
2020

Sold “Kwong Fong Plaza.”
Invested “MDBS Digital Technology Co., Ltd.” and “Galaxy Digital Co., Ltd.”