TWSE changes Tatung to full-delivery stockBAD RAP: The exchange said Tatung had seriously breached shareholders’ rights and failed to give a satisfactory explanation of its board election disputeBy Kao Shih-ching / Staff reporterTatung Co (大同) shares yesterday plunged by the maximum daily limit of 10 percent to NT$18.90, the lowest in three months, after the Taiwan Stock Exchange (TWSE) on Tuesday evening changed the company’s classification to a full-delivery stock effective tomorrow. Under the exchange’s regulations, investors are not allowed to engage in margin trading of a full-delivery stock, TWSE spokeswoman Rebecca Chen (陳麗卿) told the Taipei Times by telephone. The punishment for Tatung reflects the exchange’s observation that it had seriously breached shareholders’ rights, she said. Vivian Tsai (蔡玉真), a Tatung shareholder and a media personality, led a group of 30 Tatung shareholders at a rally outside the Securities and Futures Bureau yesterday. The group was petitioning the Financial Supervisory Commission to order Tatung to hold a new board election.

Source: Taipei Times July 01, 2020 15:56 UTC