SUZHOU – Trading has begun for Ventec International on the Emerging Stock Market of the Taipei Stock Exchange.
Effective Jan. 16, the printed circuit board laminates maker has been listed under the Stock Code 6672 and name Ventec. A total of over 58.6 million shares were admitted to trading.
The initial listing price was NT$71 (US$2.43) per share and was underwritten by Yuanta Securities. Ventec is planning to apply for listing on the TPEx mainboard in 2018.
"Our team has worked diligently toward the Taipei Stock Exchange listing, which marks an important milestone in the evolution of the Ventec International Group," said Jason Chung, COO Asia of Ventec. "We believe the combination of our differentiated product offering, fully owned and controlled global supply chain and strong balance sheet, will serve our current and future investors well. We are excited for our stock to trade on the Taipei Stock exchange and look forward to diversify our investor base as we continue our company's growth."
Ed.: NT$1 = US$0.0342430