Taipei, March 19, 2010 (CENS)--Good Friend International Holdings Inc., listed on the Hong Kong Stock Exchange, began March 18 public trading on the Taiwan Stock Exchange (TWSE) with Taiwan depository receipts (TDRs), with launch price set at US$0.457 per share. The company`s stock closed at US$0.447, down 0.02%, on the first trading day.

The company issued 67.2 million units of TDRs with each representing a common share listed on the Hong Kong Stock Exchange.

Good Friends` core products include CNC (computer numerical control) machine tools, forklift trucks and garage equipment, with CNC machine tools contributing to over 80% of the company`s overall sales.

Good Friend currently sells 97% of output to China`s domestic market. The company is the sole Taiwanese-invested machinery firm with a talent cultivation and training center located in Hangzhou of Zhejiang province, China. The company has set up 31 marketing points in China, penetrating many big cities.

In the wake of the global meltdown, the company has managed to recover by selling 615 million renminbi of CNC machine tools in 2009.

Good Friend chairman Jimmy Chu noted his company has seen full capacity production since the beginning of 2010, with order visibility being clear till the end of the third quarter of this year, adding that the outlook for his company is promising based on encouraging recovery of the manufacturing industry worldwide.

(by Ben Shen)