Ziwo

Ziwo: Annouced that it has reveive approval in-principal from SGX for the listing and quotation of up to 59m new shares in relation to the proposed TDR issue and also approval from the Taiwan Central Bank for the Proposed TDR Issue….

Recall that Co. had submitted an application to the Taiwan Stock Exchange for the offering and listing of TDRs, representing an aggregate of up to 89 million Shares (comprising 59m new Shares and 30 million existing Shares) on the Taiwan Stock Exchange. The said application is pending approval from the Taiwan Stock Exchange...

As the Proposed TDR Issue is subject to, among others, the approval of the relevant govt and regulatory authorities in Taiwan and the prevailing market and economic conditions, the Proposed TDR Issue may or may not proceed.