The Taiwan Stock Exchange (TWSE) today announced the debut of Taiwan High Speed Rail Corporation (THSRC, stock code: 2633 TW) on its Mainboard. The company operates the fastest and most technologically advanced high-speed railway, which has 12 stations across the island and links Taiwan’s main international airports and major science parks.
Dr. Jun-ji Shih, Chairman of Taiwan Stock Exchange said, “We welcome the listing of THSRC on our exchange. The addition of this major transport asset will add size and greater diversity to our capital market. It also offers more choices to global and local investors looking to invest in the low carbon economy and Taiwan infrastructure assets.”
Mr. Yao-Chung Chiang, Chairman of THSRC commented, “As a listed company, we will strive to create shareholder value and be a leading corporate citizen, providing an efficient and safe transport system to our customers, as well as employment opportunities to the community.”
THSRC is the holder of an exclusive concession to manage Taiwan’s high-speed rail system and affiliated businesses, including the ITS Smart railway system for ticketing, operational efficiency and safety.
On the first day of trading at TWSE, THSRC’s share price surged 59% to close at NT$24.05 from the IPO price of NT$15.13. The market capitalization of THSRC was NT$ 63 billion (US$2 Billion) as of 27 October 2016. (Note)
Note: THSRC’s market cap of NT$63 billion does not include the value of 3 billion privately-held common shares.
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Taiwan Stock Exchange Welcomes Taiwan High Speed Rail Corporation To Its Mainboard - Listing Of Major Infrastructure Asset Closed Up 59% From IPO Price ã
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