Taiwan group uses trade war as sales pitch for Philippine IPO

New Kinpo unit 'benefits from US-China tensions,' plans to raise $128m

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Workers make calculators at New Kinpo Group's factory in the Philippine province of Batangas.(Photo by Cliff Venzon)

CLIFF VENZON, Nikkei staff writer

MANILA -- While many companies are caught in the crossfire of U.S.-China tariff war, Taiwan's New Kinpo Group is using the trade tensions as a sales pitch for its Philippine unit's initial public offering.

"We are the only company who dares to say we benefit from the U.S.-China trade war," CEO Simon Shen told reporters on Friday. "Because we are well-established here in Southeast Asia."

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