Want China Times
GEM Services, an integrated circuit packaging and testing services provider
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]