IC packaging, testing firm GEM seeks primary listing on TWSE

Want China Times
Date: 2015-10-11

GEM Services, an integrated circuit packaging and testing services provider

A trading center in Taipei, Sept. 21. (File photo/Lin Hou-chun)

A trading center in Taipei, Sept. 21. (File photo/Lin Hou-chun)

incorporated in the Cayman Islands, is seeking a primary listing in Taiwan, the Taiwan Stock Exchange (TWSE) said Saturday.

The TWSE said GEM is the eighth foreign-registered company to file an application for a listing on the exchange.

While GEM is a Cayman Island-incorporated firm, its chair Cheng Chu-liang and president Tang Yen-chiang are Taiwanese nationals.

According to a prospectus GEM filed with the exchange, the company is planning to issue 12.548 million new shares in the listing and hopes to raise about NT$451.73 million (US$13.73 million) based on a tentatively set issue price of NT$36 (US$1.11).     [FULL  STORY]

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