Focus Taiwan
Date: 2016/07/22
By: Tien Yu-pin and Frances Huang

Taipei, July 22 (CNA) Taiwan High Speed Rail Corp. (台灣高鐵) is planning to list on the Taiwan Stock Exchange (TWSE) to raise capital for future expansion and boost shareholder value.

The TWSE, which operates the domestic main board, said it conducted a review of Taiwan High Speed Rail’s application Friday and has given a green light to the listing.

Market analysts said the high speed rail company could go public as early as the third quarter of the year.

Taiwan High Speed Rail, which was set up on May 11, 1998, has paid-in capital of NT$56.05 billion (US$1.75 billion), but NT$30 billion of it belongs to shareholders through a private placement made in 2015 to write off the company’s losses, the TWSE said.     [FULL  STORY]