The Taiwan Stock Exchange is to include companies listed on the Taiwan Innovation Board (TIB) as constituents of the benchmark TAIEX and its index series starting from May 2, the exchange said on Monday.
It also plans to create a new stock index exclusively for TIB-listed firms in the second half of this year, spokeswoman Rebecca Chen (陳麗卿) said by telephone.
“As five companies are listed on the TIB and more are expected to join the new board later this year, we plan to have an individual index to reflect the dynamics of TIB firms,” Chen said.
Photo: CNA
Two TIB-listed companies that debuted their shares last month —energy supplier HD Renewable Energy Co (泓德能源) and solar power developer J&V Energy Technology Co (雲豹能源) — would be incorporated into the TAIEX immediately, the exchange said.
Budget carrier Tigerair Taiwan Ltd (台灣虎航) and Gogolook Co (走著瞧), developer of call-filtering app Whoscall, are expected to become TAIEX constituents when they debut their shares later this year, it said.
Including the companies listed on the TIB in the local main exchange’s benchmark index would help those firms gain wider attention from investors and broaden the profile of the TAIEX, it said.
The exchange on Monday approved an application from Acer Gadget Inc (倚天酷碁), a unit of PC vendor Acer Inc (宏碁), to join the TIB, while it is reviewing an application from CH Biotech R&D Co Ltd (正瀚生技), it said.
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