Tigerair Taiwan Ltd (台灣虎航) has applied to the Taiwan Stock Exchange (TWSE) to list its shares on the main board, hoping to raise more capital before the international travel market recovers next year, the low-cost carrier said yesterday.
Although the airline falls short of the main board’s stricter requirements, as it reported a loss last year amid the COVID-19 pandemic, it should be eligible under relaxed listing rules for companies affected by the pandemic, the exchange told the Taipei Times by telephone.
Under the relaxed rules, the review committee focuses on an applicant’s financial results from every year except for the one
People with insider knowledge of a publicly traded company, such as board members, managers and major shareholders, would be barred from trading the firm’s shares ahead of the release of its financial reports, the Taiwan Stock Exchange (TWSE) said on Wednesday.
The local bourse amended its corporate governance rules for listed firms to curb insider trading, it said.
The change was to take effect immediately, and the bourse aims to have the new rules included in the Securities and Exchange Act (證交法), TWSE spokesperson Rebecca Chen (陳麗卿) said by telephone on Friday.
The new rules stipulate that insiders may not trade the company’s
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