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INDUSTRY DISCUSSES LISTING OF O'SEAS TAIWANESE COMPANIES ON TSE.

AsiaPulse News

| September 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TAIPEI, Sept 1 Asia Pulse - By allowing international corporations invested by Taiwanese businessmen overseas to become listed on the Taiwan Stock Exchange, the government will help Taiwanese businessmen abroad to have a new channel to raise capital, which will advance Taiwan's position as a financial center in the Asia-Pacific region, an industrial association executive said Sunday.

Lo Huai-chia, executive officer of the Taiwan Electrical and Electronic Manufacturers' Association, said that the association first made the proposal years ago to allow overseas Taiwanese companies to become listed and their stocks be traded in a "fourth market, " in addition to the TSEC (Taiwan Stock Exchange Corporation) market, OTC (over-the-counter) market, and the market for emerging hi-tech stocks.

In order to develop a supervisory mechanism over capital flow, the association suggested that the "fourth market" should open only to institutional investors from the United States, Japan, Hong Kong and other parts of the world at first, according to Lo.

He pointed out that between 1991 and 2002, the government approved 27,276 applications for making investments on the Chinese mainland, and the ...

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Source: HighBeam Research, INDUSTRY DISCUSSES LISTING OF O'SEAS TAIWANESE COMPANIES ON TSE.

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