taiwangc930nq

 
UNITED STATES
 
 
SECURITIES AND EXCHANGE COMMISSION
 
 
Washington, D.C. 20549
 
 
FORM N-Q
 
 
QUARTERLY SCHEDULE OF PORTFOLIO OF REGISTERED
 
 
MANAGEMENT INVESTMENT COMPANIES
 
 
Investment Company Act file number: 811-05617
 
 
Taiwan Greater China Fund
 
 
(Exact name of registrant as specified in charter)
 
Bank Tower, Room 1001
205 Dun Hua North Road
Taipei 105, Taiwan
Republic of China
(Address of principal executive offices)           (Zip code)

Citigate Financial Intelligence
111 River Street, Suite 1001
Hoboken, New Jersey 07030
(Name and address of agent for service)
 
Registrant’s telephone number, including area code: 1-800-343-9567
 
 
Date of fiscal year end: December 31, 2004
 
 
Date of reporting period: September 30, 2004
 

 

ITEM 1. SCHEDULE OF INVESTMENTS.
 

TAIWAN GREATER CHINA FUND
 
 
Schedule of Investments (Unaudited) / September 30, 2004
 
 
           
COMMON STOCKS — 97.82%
     
           
     
% of
  
Market Value
Automobile — 2.82%
Net Assets
 
(U.S. Dollars)
181,528
shs.
Tong Yang Industry Co., Ltd.
0.26
  
$ 275,091
1,286,885
 
Yulon Motor Co., Ltd.
1.30
  
1,355,652
1,071,000
 
China Motor Corp.
1.26
  
1,311,017
         
2,941,760
           
Cement — 2.21%
 
 
 
 
2,012,290
 
Taiwan Cement Corp
1.07
  
1,113,202
1,912,090
 
Asia Cement Corporation
1.14
  
1,192,806
         
2,306,008
           
Chemicals — 0.49%
 
 
 
844,000
 
Eternal Chemical Co., Ltd.
0.49
  
514,089
           
           
Communications Equipment — 2.08%
 
 
 
947,748
 
D-Link Corp.
1.00
  
1,040,225
527,450
 
Zyxel Communications Corp
1.08
  
1,125,239
         
2,165,464
           
Computer Systems & Hardware — 18.10%
 
 
 
2,718,417
 
Hon Hai Precision Industry Co., Ltd.
8.98
  
9,358,957
1,076,284
 
Compal Electronics Inc
1.02
  
1,067,290
751,600
 
Elitegroup Computer Systems Co., Ltd
0.25
  
260,972
781,286
 
Acer Inc
1.02
  
1,057,532
800,550
 
Inventec Corp
0.38
  
391,041
2,287,000
 
Asustek Computer Inc.
4.81
  
5,013,580
201,950
 
Giga-Byte Technology Co., Ltd.
0.24
  
248,397
761,743
 
Quanta Computer Inc.
1.26
  
1,311,263
73,166
 
Advantech Co., Ltd.
0.14
  
149,630
         
18,858,662
           
Electrical & Machinery — 2.70%
 
 
 
861,000
 
Teco Electric & Machinery Co., Ltd.
0.24
  
257,155
5,209,000
*
Walsin Lihwa Corp.
2.46
  
2,559,743
         
2,816,898
           
Electronic Components — 3.60%
 
 
 
447,150
 
Delta Electronics Inc.
0.60
  
624,989
755,996
 
Wus Printed Circuit Co., Ltd.
0.33
  
347,032
3,356,000
*
Yageo Corp.
1.21
  
1,259,093
109,909
 
Merry Electronics Co., Ltd.
0.23
  
237,709
89,800
 
Catcher Technology Co., Ltd.
0.24
  
251,030
108,400
 
Largan Precision Co., Ltd.
0.73
  
762,347
230,347
 
Tripod Technology Corp.
0.26
  
264,346
         
3,746,546
Schedule of Investments (Cont'd.)
     
           
           
Electronics — 0.48%
 
 
 
349,000
shs.
Synnex Technology International Corp.
0.48
  
$ 498,073
           
           
Flat-Panel Displays — 7.97%
 
 
 
3,531,000
 
AU Optronics Corp
4.25
  
4,426,218
3,897,000
*
Chunghwa Picture Tubes, Ltd.
1.60
  
1,668,472
1,375,913
 
Chi Mei Optoelectronics Corp
1.67
  
1,732,847
918,000
*
Quanta Display Inc.
0.45
  
470,021
         
8,297,558
           
Food — 2.12%
 
 
 
 
4,567,000
 
Uni-President Enterprise Corp.
2.12
  
2,203,943
           
           
Glass — 0.34%
 
 
 
 
409,160
 
Taiwan Glass Ind. Corporation.
0.34
  
358,786
           
           
ODM — Peripherals — 8.46%
 
 
 
1,067,000
 
CMC Magnetics Corp.
0.51
  
527,472
3,469,009
 
Ritek Inc.
1.32
  
1,372,945
3,207,700
 
BenQ Corp.
3.19
  
3,322,476
3,350,300
 
Lite-on Technology Corp.
3.00
  
3,125,133
598,200
 
Premier Image Technology Corp.
0.44
  
461,183
         
8,809,209
           
Plastics — 13.46%
 
 
 
 
2,074,980
 
Formosa Plastics Corp
3.11
  
3,236,050
3,425,920
 
Nan Ya Plastics Corp.
4.79
  
4,990,085
1,060,000
 
Taiwan Styrene Monomer Corp.
0.74
  
776,660
2,916,320
 
Formosa Chemicals & Fiber Corp.
4.82
  
5,020,148
         
14,022,943
           
Retailing — 0.47%
 
 
 
 
332,512
 
President Chain Store Corp.
0.47
  
488,240
           
           
Rubber — 1.65%
 
 
 
 
1,401,160
 
Cheng Shin Rubber Ind. Co., Ltd.
1.65
  
1,715,168
           
           
Semiconductors — 13.96%
 
 
 
7,487,640
*
United Microelectronics Corp.
4.34
  
4,516,732
1,095,314
*
Advanced Semiconductor Engineering, Inc
0.70
  
728,404
707,100
 
Siliconware Precision Industries Co., Ltd.
0.47
  
484,800
5,821,614
 
Taiwan Semiconductor Manufacturing Co., Ltd.
7.12
  
7,417,487
1,491,000
*
Via Technologies Inc.
0.83
  
868,697
181,600
 
Sunplus Technology Co., Ltd
0.25
  
258,100
100,400
 
Novatek Microelectronics Corp.
0.25
  
265,890
         
14,540,110
           
Steel & Other Metals — 8.54%
 
 
 
8,758,260
 
China Steel Corp.
8.54
  
8,891,242
TAIWAN GREATER CHINA FUND
 
 
Schedule of Investments (Unaudited) (continued) / September 30, 2004
           
Textiles — 0.56%
 
 
 
 
864,256
shs.
Far Eastern Textile Ltd.
0.56
  
$ 587,462
           
           
Transportation — 3.73%
 
 
 
1,247,620
 
Evergreen Marine Corp. (Taiwan) Ltd.
1.17
  
1,222,509
1,713,227
 
Yang Ming Marine Transport Corp
1.48
  
1,537,589
791,600
 
China Airlines Ltd.
0.38
  
393,657
461,150
 
Wan Hai Lines Ltd.
0.43
  
450,511
727,602
*
Eva Airways Corp
0.27
  
282,614
         
3,886,880
           
Other — 4.08%
 
 
 
 
2,499,326
 
Pou Chen Corp.
1.95
  
2,029,820
643,000
 
Great China Metal Industry Co., Ltd.
0.35
  
365,169
166,480
 
Nien Made Enterprise Co., Ltd.
0.24
  
247,388
786,000
 
Giant Manufacturing Co., Ltd.
1.06
  
1,100,918
298,000
 
Taiwan Fu Hsing Industrial Co., Ltd
0.25
  
267,448
271,887
 
Taiwan Hon Chuan Enterprise Co., Ltd.
0.23
  
236,813
         
4,247,556
           
TOTAL INVESTMENT IN SECURITIES AT MARKET VALUE
97.82
  
101,896,597
(COST $115,851,692)
      
           
OTHER ASSETS (LESS LIABILITIES)..
2.18
  
2,267,097
           
NET ASSETS
   
100.00
  
$ 104,163,694
           
           
* Non-income producing: these stocks did not pay a cash dividend during the year.
           
At September 30, 2004, the cost of investments for U.S. federal income tax purposes was approximately equal to the cost of such investments for financial reporting purposes. At September 30, 2004, the unrealized depreciation of $13,955,095 for financial reporting purposes consisted of $2,784,013 of gross unrealized appreciation and $16,739,108 of gross unrealized depreciation.

 
ITEM 2. CONTROLS AND PROCEDURES.
 
(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective as of a date within 90 days of the filing date of this report based on their evaluation of such disclosure controls and procedures as required by Rule 30a-3(b) under the Investment Company Act of 1940 and Rule 13a-15(b) under the Securities Exchange Act of 1934.
 
(b) There were no changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, such internal controls.
 
ITEM 3. EXHIBITS.
 
Certifications required by Rule 30a-2(a) under the Investment Company Act of 1940:
 
See Exhibit 99.Cert attached hereto.
 

 

 

  
     
 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
Taiwan Greater China Fund
 
 

 
 
By: /s/ Steven R. Champion  
Name: Steven R. Champion
Title: Chief Executive Officer and President
 
 
Date: November 23, 2004
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
 

 
 
By: /s/ Steven R. Champion  
Name: Steven R. Champion
Title: Chief Executive Officer and President
 

 
 
By: /s/ Cheryl Chang  
Name: Cheryl Chang
Title: Chief Financial Officer
 
Date: November 18, 2004