TWSE Press Release

The creditor of TransAsia Airways Corp. applied to the court for reorganization on January 10, 2017 in accordance with Article 282 of the Company Act. TWSE , therefore, has placed the company’s liste

Publish Date︰2017/01/10 16:23

As announced by TWSE on an earlier date, it has placed the listed securities of TransAsia Airways Corp. under an altered trading method and, in the meantime, imposed a periodic call auction trading method thereon. The creditor of TransAsia Airways Corp. subsequently applied to the court for reorganization on January 10, 2017 in accordance with Article 282 of the Company Act. The company, therefore, has encountered the circumstances described in Article 49, paragraph 1, subparagraph 6 and Article 49-2, paragraph 1, subparagraph 1 of the Operating Rules of the Taiwan Stock Exchange Corporation. TWSE , on January 11, 2017, placed the listed securities of TransAsia Airways Corp. under an altered trading method and, on a combined basis, imposed a periodic call auction trading method thereon.

 

On December 20, 2016, the board of directors of TWSE resolved to terminate the listing of the securities issued by TransAsia Airways Corp. with effect from February 2, 2017. Investors are reminded to be alert of the investment risks when trading the securities issued by the Company.

 

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