High Tech postpones GDR

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

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equity issuance from Asia this autumn has got off to a highly inauspicious start, with the first deal from the pipeline withdrawn because of the highly uncertain state of global equity markets.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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