The Taiwan Monthly

Listed Companies and Initial Public Offerings

PIHSIANG MACHINERY MFG. CO., LTD. (Code: 1729) will be delisted on January 2, 2018

PIHSIANG MACHINERY MFG. CO., LTD. (Code: 1729) had failed to disclose and file its 2017 Q1 Q2 and Q3 financial reports as required by law, a fulfillment of provisions listed under Article 50, Paragraph 1, Subparagraph 1 of the Operating Rules of the Taiwan Stock Exchange Corporation. As a result, the TWSE had announced that trading of said company's listed securities will be terminated on May 18, 2017. Given it was six months since the announcement on November 18, 2017, a fulfillment of provisions to terminate listing under Article 50-1, Paragraph 1, Subparagraph 7 of the Operating Rules above, the TWSE had announced that listing of said company's securities shall be terminated on January 2, 2018.

 

According to Article 50-1, Paragraph 2 of the Operating Rules, a company will have at least eight business days prior to the delisting implementation date (in this case 0:00 on December 20, 2017) during which it may disclose and file the overdue financial reports as required in order to satisfy the improvement requirement. Furthermore, if said company satisfies the improvement requirement and is not in any of the other circumstances described in Article 50-1, Paragraph 1 of the Operating Rules and submits an application to the TWSE together with relevant materials and evidence, the TWSE may announce an exemption from implementation of the delisting.