Yangzijiang

Yangzijiang: another step closer to completing its TDR listing. Becomes the first S-chip to receive approvals from all relevant Taiwanese authorities (TSE, Taiwan Central Bank, Securities and Financial Bureau, FSC, Executive Yuan) for listing of up to 100m new shares and 20m vendor shares. Other S-chips also jumping onto the bandwagon, with Dukang Distillers (formerly Trump Dragon) being the latest company to propose a TDR listing as well.