Changes in the share prices of controversial Taiwan Develop-ment Corp (TDC,
Lu Daung-yen (
The other three occasions were when TDC sold its trust arm, when a deal was signed in which a syndicate of 19 banks agreed to loan it a total of NT$16.5 billion (US$513.3 million), and when its shares resumed normal trading on the stock exchange, Lu said.
On the first occasion, between April 1 and May 3, TDC shares rose 6.47 percent. From July 1 to Aug. 25, when the loan deal was signed, the share price went up 17.98 percent and when TDC shares were trading again on the Taiwan Stock Exchange, the share price was up 6.8 percent between Oct. 1 and Nov. 3, last year, Lu said.
When TDC published its annual report saying that each share earned NT$7.28, the share price soared 131.66 percent. These price changes were duly published, he said.
With regard to the suspected insider trading of TDC shares owned by Changhua Commercial Bank (