Shares of TransAsia soar on business restructuring hopes

Shares of closing mid-sized carrier TranAsia Airways staged a strong rebound Monday, stopping 13 straight sessions of the 10 percent maximum decline, as investors have embraced high hopes that Far Eastern Air Transport Corp. (遠東航空) will step in to help the financially troubled TransAsia restructure its business, dealers said.

(Full text of the story is now in CNA English news archive. To view the full story, you will need to be a subscribed member of the CNA archive. To subscribe, please read here.)