Made in Taiwan - the vogue for Asian tech companies to use Cayman Islands vehicles to list their shares
Taiwan’s most innovative tech businesses prefer to use Cayman Islands companies as their listing vehicle on the Taiwan Stock Exchange (TWSE). This trend reflects confidence generally in Taiwan’s securities markets backed by Taiwan’s growing economic ties with China. Cayman Islands companies have long been used as listing vehicles on the major stock exchanges, including the Hong Kong Stock Exchange (SEHK) and the Singapore Stock Exchange (SGX) in Asia, as well as in the US and UK. A Cayman listing vehicle has many advantages, including familiarity to the market, speedy incorporation procedures and cost-effective pricing, not to mention the Cayman Islands’ stable and business-orientated legal and political systems.
Appleby’s Frances Woo, Li Lee Tan and Vincent Chan explain why a number of Taiwan’s tech companies are choosing to list on the local exchange using Cayman Islands listing vehicles
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