TAIPEI – Ventec International Group has received formal consent from the Taiwan Stock Exchange on its initial public offer application.

The completion date is set for April 2019.

Ventec filed its final IPO application with the TWSE in October and the approval comes after a successful presentation to the Listings Review Committee at the beginning of December.

At the time of application the paid-in capital for the listing was NT$646.1 million ($21 million) and total equity was NT$1.65 billion ($53.7 million) Among the conditions set by the TWSE for the approval is that Ventec release a further 10% of public shares before the completion date.

Ventec is a manufacturer of polyimide and epoxy-based laminates and prepregs, and thermal management and IMS materials. Through the first 10 months of the year, Ventec's revenues were $150.2 million, up 10.3% from the same period in 2017.

"We are proud to have received the official consent from the TWSE today and look forward to an expeditious launching of the public offer and successful listing of our shares in Taiwan" said Jason Chung, CEO. "This outstanding achievement is based on the strength and dedication of our global team and I am truly thankful for everyone's hard work that ensures Ventec’s success."

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