KUALA LUMPUR: Multi Sports Holdings Ltd’s proposed Taiwan Depository Receipts (TDRs) are expected to list and commence trading on the Taiwan Stock Exchange on Friday the company said. In a statement yesterday, Multi Sports said it had received in full proceeds from the TDR issuance, backed by 67.5 million shares of five US cents each, or 15% of its existing paid-up capital. The issuance of up to 22.5 million units of TDRs at 10.50 Taiwan new dollars each were expected to raise 236 million Taiwan new dollars (RM24.59 million) for capacity expansion and working capital, it said last Friday.
This article appeared in The Edge Financial Daily, December 28, 2011.
This article appeared in The Edge Financial Daily, December 28, 2011.
