Japanese firm to be first to launch primary listing in Taiwan
05/10/2021 09:11 PM
CNA file photo
Taipei, May 10 (CNA) IKKA Holdings (Cayman) Ltd., a precision plastic injection molded component maker, is expected to become the first Japanese company to launch a primary listing in Taiwan, with its listing on the Taiwan Stock Exchange (TWSE) scheduled for May 31, according to the exchange.
IKKA Holdings, registered in the British Cayman Islands in March 2016, has its major operations in Japan as an electric vehicle part supplier to large Japanese automakers.
For the listing, IKKA Holdings is planning to issue 5 million new shares and has tentatively set an issuance price of NT$76 (US$2.73), with 15 percent of the shares to be reserved for its employees.