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First Taiwan Co Approved for Mainland Listing

Post Time:Aug 05,2009Classify:Company NewsView:395

Taiwan-based LCD display manufacturer Chunghwa Picture Tubes (CPT) has obtained approval to become the first Taiwanese enterprise to list on the A-share market through a backdoor listing via the restructure of Mindong Electric (Group) (000536.SZ), Sohu reports citing Taiwanese media. Under the restructure plan, CPT will exchange a 75% stake in each of its four mainland subsidiaries for 500 million, or 71.42%, of shares in Mindong Electric, the report said.

Source: jlmpacificepochAuthor: shangyi

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