Oceanus' JV restaurant in Orchard Central opened last month. NextInsight photo
OCEANUS GROUP is considering a proposal to offer and list Taiwan Depository Receipts (TDRs) representing an aggregate of up to 200 million shares of the Company on the Taiwan Stock Exchange.
The TDR Shares shall comprise not more than 100 million new shares (the “New Shares”) to be issued by the Company and not more than 100 million shares from the investors who had participated in the recent financing exercise undertaken by the Company.
The Board is of the opinion that companies operating in the People’s Republic of China in certain strategic industries have a better valuation in Taiwan relative to other regional stock markets.
The Proposed TDR Issue will allow the Company to take advantage of this situation to raise more capital for the Company at a very attractive rate.
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China Taisan's fabrics are used by brands such as Nike, Adidas and Umbro.
CHINA TAISAN, one of the leading producers of knitted performance fabrics used in sports and leisure apparel for renowned brands such as Nike, Adidas, Umbro, Septwolves, Li-Ning, Anta, and Metersbonwe is pleased to announce that company representatives who attended the Intertextile Shanghai Apparel Fabrics Fair 2009i (October 20-23) received strong response for its new and existing range of performance fabrics.
Organized by Messe Frankfurt and sponsored by the China National Textile Industry Council, the international business-to-business trade show is one of the largest apparel fabric and accessories trade fairs to be held in China this year.
Held in the Shanghai New International Expo Centre, the trade show took up more than 110,000 sqm of exhibition space and attracted over 2,000 suppliers from 26 countries.
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