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PROPOSED APPLICATION OF ADMISSION TO TRADING ON THE TAIWAN STOCK EXCHANGE (“TSEâ€) OF TAIWAN DEPOSITORY RECEIPTS (“TDRâ€)
http://info.sgx.com/webcoranncatth.nsf/V...D0033B0D1/$file/MPM_Announcement_ProposedTDRIssue_3Jan2011.pdf?openelement [SGX Announcement]
It makes sense for the likes of YZJ or United Envirotech to seek dual-listing in TSE since they operate in a niche Chinese industry hence making it attractive to Taiwanese investors. YZJ is a multi-billion dollar company and the largest private Chinese ship-builder while UEL is the first Chinese waste water treatment company to list there. Both did well in TSE. Not too certain why this ship-builder and charterer seeks to raise equity in Taiwan when 77% of its revenue is derived from Singapore and Indonesia alone. Let's see how it pans out and whether will more non S-Chips company seek to dual list.
(Not Vested)
http://info.sgx.com/webcoranncatth.nsf/V...D0033B0D1/$file/MPM_Announcement_ProposedTDRIssue_3Jan2011.pdf?openelement [SGX Announcement]
It makes sense for the likes of YZJ or United Envirotech to seek dual-listing in TSE since they operate in a niche Chinese industry hence making it attractive to Taiwanese investors. YZJ is a multi-billion dollar company and the largest private Chinese ship-builder while UEL is the first Chinese waste water treatment company to list there. Both did well in TSE. Not too certain why this ship-builder and charterer seeks to raise equity in Taiwan when 77% of its revenue is derived from Singapore and Indonesia alone. Let's see how it pans out and whether will more non S-Chips company seek to dual list.
(Not Vested)
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