Touch panel makers TPK Holding has decided to cancel a planned sale of its global depositary receipts (GDRs) due to recent market volatility, according to a company filing with the Taiwan Stock Exchange.
The company originally planned to raise US$472-590 million through the GDR issue, which would include 16-20 million new shares and 7.6-9.5 million old shares from one of its shareholders Balda Investments Singapore, the company said.
Article translated by Steve Shen
