Business News

Taiwan's Financial One launching IPO in Singapore

Jul 2, 2007, 12:07 GMT

Singapore - Leasing firm Financial One became the first Taiwanese finance company to list in Singapore with the launch Tuesday of its initial public offering (IPO) of 225 million shares, executives said. 'Part of the reason we chose to list in Singapore is to understand more about Singapore's neighbours, Malaysia and Indonesia,' said chairman and chief executive officer Andre Koo. Financial One, which commands 40 per cent of Taiwan's leasing market share, views the Singapore Exchange listing as a springboard into the car-financing markets in Malaysia and Indonesia. The IPO is valued at up to 225 million US dollars with the proceeds to be used to finance overseas expansion plans. The IPO closes July 9, with trading set to begin two days later. The company is also seeking growth opportunities in the equipment- leasing markets of China and Vietnam. © 2007 dpa - Deutsche Presse-Agentur

On the Web

Blowing Up Blogs

Place your ad here
Loading...

Your Talkback on this Story

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Like M&C on Facebook

Custom Search

Viral Web

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games Herald; XPRNC; Deutschland (Der Technikbote); Deutschland (Bellalu)

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2012 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint