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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.
Ministry insists heads of state firms chosen for skills
By Crystal Hsu / Staff reporter
The Ministry of Finance yesterday said that professional credentials are what determine its top choices for chief executives of state-run financial institutions, in an attempt to rebut media reports about political intervention.
The clarification came after local Chinese-language media said that political influence was behind leadership reshuffles at First Securities Inc (第一金證券), Mega Securities Co (兆豐證券) and other companies where the ministry controls a majority stake and names senior executives, with approval from the Executive Yuan.
The ministry said that former First Securities chairman Yeh Kuang-chang (葉光章) tendered his resignation after it launched a probe into allegations of mismanagement and misconduct.