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Bangkok Post, Thailand, business briefs column.
Jul. 5--KGI TO OFFER TAIWANESE DRS: KGI Securities plans to expand its services to local firms to include the issue and sale of Taiwan Depository Receipts (TDRs).
The broker is already advising Cal-Comp Electronics in the issue of TDRs in Taiwan. The issue is currently undergoing a review by Taiwanese securities regulators, and KGI expects to advise at least two other companies in placing similar securities offerings in Taiwan by the end of the year.
A TSR basically trades as a stock in the Taiwanese market, with the underlying security based on Thai shares. Given that the Taiwan market trades at a price-to-earnings valuation of 20 times, compared with ...
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