TransAsia shares rally to daily upper limit

The China Post
Date: December 20, 2016
By: The China Post news staff

TAIPEI, Taiwan — TransAsia Airways’ share prices surged Monday to the daily upper limit of 10 percent as investors held hopes that Far Eastern Air Transport Corp. (FAT) would step in to help the financially troubled TransAsia restructure its business, dealers said.

The China Post first broke the news of FAT’s plans to acquire TransAsia on Dec. 12.

TransAsia stocks closed at the session’s high of NT$1.08 amid robust buying sentiment fueled by an alleged buyout plan of another local airline company.   [FULL  STORY]