16 September 2019

Taiwan bourse proposes measures to spur TDR market, paper says

The Taiwan Stock Exchange has proposed four measures to the island’s Financial Supervisory Commission (FSC) to spur the dwindling Taiwan Depositary Receipts (TDR) market, Commercial Times reported Tuesday, citing the proposal. The measures include allowing wider daily price change limit, simplifying procedures for additional TDR issuance and establishing market-maker system. The exchange also suggested canceling the current rule that delists TDR issuers with less than 10 million outstanding units for three consecutive months. Food and beverage maker Want Want China Holdings Ltd. (00151.HK) has cited the rule as the reason for applying to delist its TDRs before year-end, the report said.

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