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TransAsia applies for stock exchange listing

4-Jul-2011 12:09 PM

TransAsia Airways has filed an application to list its shares on the Taiwan Stock Exchange with plans to issue 22.22 million shares for the listing at a tentatively issue price of TWD18.00 (USD0.63) per share, raising TWD400 million in funds from the listing by the end of 4Q2011 to fund its fleet expansion and generate revenue (Central News Agency, 01-Jul-2011). The carrier has been listed as an emerging stock on the GreTai Securities Market since Nov-2010. Companies are required to be listed on the emerging market for no less than six months before seeking approval to list on the main board or on the over-the-counter market.