(Bloomberg) -- Taiwan's stocks gained. Formosa
Plastics Corp. and Formosa Petrochemical Corp. rose after a
newspaper report said the Formosa Group may spin off China-based
divisions to bypass the island's restrictions on investing in
China.
``A listing in Hong Kong will give the Formosa Group
visibility in a vibrant international market and gateway to tap
China's growth,'' said Yin Nai-yun, who oversees $172 million at
Prudential Securities Investment Trust Enterprise in Taipei.
Read more at Bloomberg Stocks News
Plastics Corp. and Formosa Petrochemical Corp. rose after a
newspaper report said the Formosa Group may spin off China-based
divisions to bypass the island's restrictions on investing in
China.
``A listing in Hong Kong will give the Formosa Group
visibility in a vibrant international market and gateway to tap
China's growth,'' said Yin Nai-yun, who oversees $172 million at
Prudential Securities Investment Trust Enterprise in Taipei.
Read more at Bloomberg Stocks News
No comments:
Post a Comment