Dec. 31, 2010 (China Knowledge) – Hong Kong-listed Ta Yang Group Holdings Ltd1991, an investment holding company engaged in the design, manufacture, sale and trade of silicone rubber input devices, yesterday announced that it plans to issue the Taiwan Depositary Receipts on the Taiwan Stock Exchange, sources reported.
In a statement filed with the Hong Kong Stock Exchange, the company said it has submitted application to the Taiwan regulators for issuing the TDRs.
The TDR issue involves in 51 million new shares and 69 million existing shares, said the firm, adding proceeds will be used to build new production facilities in Guangxi Zhuang Autonomous region.
The company will also file application to the Hong Kong Stock Exchange for listing the new shares in the bourse, it said.
Ta Yang Group’s board of directors has yet decided on the timetable for the TDR issue.
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