First China Invested Company to List in Taiwan

Forbes reports Rock Mobile may be the first China Invested company to list on the Taiwan Stock Exchange. Forbes writes:

Rock Mobile Corp is likely to become the first China-invested company to list in Taiwan, probably as early as the end of the year, the Economic Daily News reported.

Rock Mobile, which has Lenovo Group Ltd, Siemens AG and Taiwan's Acer group as its shareholders, will apply for emerging-stock status before seeking a listing on the Taiwan Stock Exchange or GreTai Securities Market, the newspaper said, citing sources with Taiwan's Fubon Securities Co Ltd, which has won an underwriting mandate.

Fubon Securities, a wholly owned unit of Fubon Financial Holding Co Ltd (2881.TW), is also offering guidance to several other Taiwan-invested companies on the mainland planning to pursue domestic listings, it added.

Interesting article indeed. The relaxation of regulations between Taiwan and Chinamay result in more companies coming from overseas (China) and listing in Taiwan. This would actually make a lot of sense. Most people I speak to who know the game say the Chinese stock markets are pressure cookers driven by a lot of speculation (well now they are in decline). The benefit of listing in Taiwan I suppose is a more established investing environment with less speculation (although it does happen) and greater stability. I suppose this will make the Taiwan bourse more competitive.

Also since they are listing in Taiwan they may have to have their headquarters in Taiwan and not China (not sure what the regulations on that are though). If this is true then the corporate HQ will offer more employment opportunities to local people as well as increase the tax base for the Taiwanese gvt. and provide the Taiwan gvt. with another taxable revenue stream.

Forbes: Rock Mobile may be 1st China-invested company to list in Taiwan - report