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Taiwanese investors in Thailand urged to launch listings on TWSE

2018/05/17 14:46:31

Taipei, May 17 (CNA) The Taiwan Stock Exchange (TWSE) is encouraging Taiwanese investors operating in Thailand to raise funds in Taiwan by launching their listings on the local main board.

The TWSE, which runs the local main board, held a seminar in Bangkok Wednesday evening to meet a group of Taiwanese investors operating in the Southeast Asian country, urging them to take advantage of Taiwan's capital market through stock market listing.

In the seminar, the TWSE briefed the attendees about the development of Taiwan's economy and financial market, while representatives from some foreign companies that have launched primary listings in Taiwan shared their experience about fund-raising on the TWSE.

Addressing the seminar, Taiwan's representative to Thailand Tung Chen-yuan (童振源) said that Taiwan has a sound capital market, which is expected to provide sufficient funds to listed companies .

In addition, Tung said, Taiwan has embraced advanced technologies and cultivated a big talent pool, so companies listed in the country can recruit professionals and acquire the knowhow they need for business expansion.

Tung said Taiwanese investors in Thailand have already built a good foundation in the Southeast Asian country and if they get financial support from Taiwan, they can enhance their business sustainability.

According to the TWSE, a total of 70 companies incorporated overseas had launched primary listings on the local main board as of the end of April, including seven Taiwanese investors from the Association of Southeast Asian Nations (ASEAN) bloc, three of which are Thailand-based.

TWSE Senior Vice President Chien Lih-chung (簡立忠), who presided over the seminar, said that through listing on Taiwan's main board, Taiwanese investors operating overseas can transform their businesses.

The TWSE said that Taiwan and Thailand have forged close business ties, with bilateral trade hitting US$10.74 billion in 2017. Taiwan ranked as the 11th-largest trading partner of Thailand, the TWSE added.

In addition, Taiwanese investors had poured US$14.48 billion into the Thai market as of the end of 2017, making Taiwan the third-largest investor in Thailand, the TWSE said.

The exchange said that under the government's "New Southbound Policy", which was launched in May 2016 after President Tsai Ing-wen (蔡英文) came to power, Taiwan's relations with Thailand are expected to become closer than ever.

The policy is aimed at forging closer economic ties with the 10 member states of the ASEAN, as well as with India, Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, Australia and New Zealand, to reduce the country's economic dependence on China.

The TWSE said that so far this year, an additional four foreign companies have applied to launch primary listings on the main board.

(By Liu Te-chan and Frances Huang)
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