Seven electronics companies listed on Taiwan’s over-the-counter (OTC) market will attend a briefing for institutional investors in Tokyo next Monday, the first such briefing in Japan in four years, GreTai Securities Market (GTSM) said yesterday.
According to GTSM, which operates Taiwan’s OTC and emerging markets, Japanese institutional investors are generally unfamiliar with companies traded on Taiwan’s OTC market because they view the market and its listed companies as too small to be considered investment targets.
“We hope this ice-breaking trip to Japan will help change Japanese institutions’ impressions and improve their understanding of Taiwan’s OTC-listed companies,” GTSM chairman Gordon Chen (陳樹) said.
The seven companies attending the briefing, organized by GTSM and Japan’s Nomura Securities, are among the 50 most capitalized enterprises on the OTC market.
They are solar cell manufacturer Motech Industries Inc (茂迪), image sensor provider PixArt Technologies Inc (原相科技), flash card reader manufacturer Phison Electronics Corp (群聯電子), IC testing provider Chipbond Technology Corp (頎邦科技股), battery pack supplier Simplo Technology Co (新普), e-paper provider E Ink Holdings Inc (元太) and wireless communication device supplier Advanced Ceramic X Corp (璟德電子).
A similar briefing will take place in Hong Kong next Tuesday.
This will be the fourth consecutive year that GTSM has invited top OTC firms to participate in overseas investor briefings, with events held in London, New York, Hong Kong and Singapore all receiving positive responses, Chen said.
The GTSM chairman said that after MSCI’s changes to its equity indices in May, 17 Taiwanese companies listed on the OTC or the emerging stock market were among the 36 stocks from Taiwan that were added to the MSCI Global Small Cap indices.
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