Taiwan firms scramble to raise funds overseas.Taipei, Oct. 6, 2009 (CENS CENS Censor CENS Center for Embedded Networked Sensing (UCLA NSF) CENS Censorship CENS Centre d'Etudes Nucleaires de Seclay ) -- Taiwan firms are scrambling to raise funds overseas to offset the global meltdown, with the issued global depository receipts Global Depository Receipt A receipt denoting ownership of foreign-based corporation stock shares which are traded in numerous capital markets around the world. (GDRs) in the first three quarters exceeding that achieved in whole of last year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the market researcher Dealogic. Founded in Britain in 1983, Dealogic provides capital market and M&A information to investment bankers globally, with branch offices in London, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Tokyo. The Dealogic's tallies show Taiwan's firms issued US$3.611 billion worth of GDRs in the first nine months of this year, surpassing US$3.06 billion for the whole of last year. Nevertheless, the issued sum still far lagged the annual average of US$10 billion from 2002 to 2007. Taiwan-based firms raised US$3.475 billion in the domestic capital market in the first nine months of this year, only one-fourth of the US$12.211 billion recorded in the whole of last year. The top-five issuers in the first quarter, in descending order, were Epistar Corp. with US$395 million, Shinkong Financial Holdings Co. (US$375 million), Inotera Memories Inc. (US$312 million), Chung Hwa Picture Tubes Corp. (US$295 million), and KGI KGI Keck Graduate Institute KGI Key Goal Indicator KGI Kitchen Gardeners International KGI Key Geographic Ideas KGI Küchengeräte International (Miele subdivision) KGI Kernel Graphic Interface Securities Co. (US$286 million). The top-five underwriters of GDRs in the first three quarters of this year, in descending order, include Credit Suisse, Morgan Stanley, SinoPac Securities, Macquarie, and Goldman Sachs. ((BS)) (GE) |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion