Wowprime share price up due to vouchersWIN-WIN SITUATION: As shareholders would likely spend extra money when using the voucher, it would help the firm pay personnel costs and rent, an analyst saidBy Kao Shih-ching / Staff reporterRestaurant chain operator Wowprime Corp (王品) yesterday saw its share price increase 9.98 percent to NT$63.9, after the company announced that it would provide gift vouchers to those who bought its shares. In the previous two years, the company provided shareholders with a NT$500 voucher and a 25 percent discount coupon. Wowprime shares were also popular in the regular market, with 1.802 million shares traded, compared with the daily average transaction of 368,000 shares this month, the data showed. “It seems that Wowprime successfully protected its share price with the food voucher. Given that the company has about 22,000 shareholders, it is expected to issue food vouchers worth NT$48.4 million.

Source: Taipei Times March 31, 2020 15:56 UTC