Taipei, The Taipei Exchange (TPEx), which operates the local over-the-counter (OTC) market, said Monday it will hold its largest overseas investor conference in a decade in a bid to attract more foreign institutional investors.
Joining forces with Capital Securities, one of the largest securities houses in Taiwan, TPEx will hold a two-day investor conference, scheduled to kick off on April 12 in Hong Kong, covering 17 companies listed on the local OTC market, the exchange said.
TPEx President Su Yu-ching (???), who will lead representatives from the 17 companies to meet with foreign institutional investors, said the upcoming conference will cover a wide range of industries from Taiwan, a sharp contrast to the concentration on high tech industry of previous overseas institutional conferences.
In particular, Su said, the event will showcase Taiwan's efforts to develop a biotech industry which have become a cluster of biotech firms that are attracting the attention of international investors.
Some of the firms attending the investor conference in Hong Kong include, cancer drug developer Senhwa Biosciences Inc., nutritional ingredient supplier Syngen Biotech Co., optoelectronics component firm Chang Wah Technology Co. and semiconductor testing firm Chunghwa Precision Test Tech. Co., TPEx said.
In addition, Thai Town Cuisine restaurant chain operator TTFB Co. and BMW sales agent Pan German Universal Motors Ltd. will also be presented at the investor conference, TPEx added.
Su said 11 chairmen and seven presidents from the 17 OTC listed companies will meet with foreign institutional investors, an indication of the importance of the event named "2018 Taiwan CEO Day."
During the investor conference, representatives of the 17 companies are expected to hold about 270 separate meetings with interested foreign institutional investors.
The TPEx said the foreign institutional investors attending the meetings currently run investment funds worth about US$580 billion, but did not provide more details.
After the investor conference in Hong Kong, Su said the TPEx plans to hold similar events in Japan and Malaysia at a time when foreign institutional investors are playing a bigger role on the local OTC market.
According to the TPEx, foreign institutional investors accounted for 22.6 percent of the OTC market's total value at the end of 2017, up from 7.43 percent at the end of 2008.
Source: Focus Taiwan News Channel