Yangzijiang

YZJ has made an announcement that it is seeking to offer and list Taiwan Depository Receipts (TDRs) of up to 100m new ordinary shares in the capital of the Group on the Taiwan Stock Exchange. The TDR Shares, if fully issued will constitute about up to 2.66% of the enlarged share capital of the Group. According to mgtm, the rationale of the dual-listing is mainly to broaden/diversify its shareholders base and improve valuation as well as raising funds to pursue potential M&As.