High Tech postpones GDR

Volatile global equity markets persuade the Taiwanese pocket PC manufacturer to cancel roadshows.

Jackie Horne

September 10, 2002

International equity issuance from Asia this autumn has got off to a highly inauspicious start, with the first deal from the pipeline withdrawn because of the highly uncertain state of global equity markets. Formal roadshows for a 30 million new share issue by Taiwan's High Tech Computer were scheduled to start in Asia today (Wednesday), but were cancelled yesterday by lead manager UBS Warburg.

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