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April 29, 2017

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China-based electronics maker seeks primary listing on TWSE

TAIPEI--China-based electronics components supplier BrightKing Holdings Ltd. has filed an application with the Taiwan Stock Exchange (TWSE) to seek a primary listing on the main board, the TWSE said Saturday.

The TWSE said BrightKing is the fifth overseas registered company to seek a primary listing on the exchange so far this year.

According to a prospectus the company filed with the TWSE, BrightKing, which was incorporated in the Cayman Islands in 2009 and has a paid-capital of NT$308 million (US$10.27 million), is planning to issue 4.106 million new shares for the listing and reserve 15 percent of the new shares for employees.

The company has expected to raise NT$266.89 million from the new share sale since it has tentatively set the issue price at NT$65.

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