Cheng & Co’ Takes Techcential To IPO in Taiwan
Cheng & Co’s firm belief in our client’s goals and ambitions has heralded a new dawn for Techcential International Ltd. Techcential officially launched its Initial Public Offering (IPO) today in the Taipei Stock Exchange, Taiwan.
Techcential is a renowned manufacturer of high quality wooden bedroom furniture that are priced competitively, and mainly exports to the North American markets. The company has been in the industry for over 15 years, with a workforce of nearly 500 personnel.
The total funds raised by Techcential’s stands at NTD 53 million with the IPO priced at NTD18 per share. The response was fantastic with the bid rate at 1.26% for Techcential indicating overwhelming application for subscription.
At the close of the market, Techcential’s IPO’s closing price registered a strong NTD 26.85.
Drop us an email today at enquiry@chengco.com.my for more information regarding Initial Public Offering (IPO) in the Taipei Stock Exchange.
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