Tigerair to apply for listing on TWSE main boardLOOKING AHEAD: The Taiwan Stock Exchange said that Tigerair Taiwan should be eligible under relaxed rules for companies affected by the COVID-19 pandemicBy Kao Shih-ching / Staff reporterTigerair Taiwan Ltd (台灣虎航) has applied to the Taiwan Stock Exchange (TWSE) to list its shares on the main board, hoping to raise more capital before the international travel market recovers next year, the low-cost carrier said yesterday. Under the relaxed rules, the review committee focuses on an applicant’s financial results from every year except for the one affected by COVID-19, the exchange added. A Tigerair Taiwan Airbus A320 takes off from Taiwan Taoyuan International Airport in an undated photograph. Photo courtesy of Tigerair TaiwanTigerair Taiwan reported net profit of NT$981 million (US$35.43 million) in 2018 and NT$808 million in 2019, before reporting net loss of NT$1.37 billion last year. Of the firms that have applied under the relaxed rules, not many have been approved, Chen added.

Source: Taipei Times December 29, 2021 04:14 UTC