Pacific finds Hong Kong listing more attractive than Taiwan

In a surprise, somewhat unprecedented move, a Taiwanese company wants to list in Hong Kong û before even bothering to list in Taipei.

ING Barings has been mandated to launch the IPO of Pacific Broadband in a deal which is expected to raise HK$1 5 billion ($200 million) Pacific Broadband is Taiwan’s third biggest cable TV operator and a subsidiary of the Pacific Construction Group, one of the Island Republic's largest property companies It has 600,000 subscribers

But what is the logic behind listing the company in Hong Kong rather than its own domestic market On the one hand, Taiwan’s equity markets have pounded all things ‘telecom,’ or more to the point the country's only listed entity, Chunghwa Telecom Would a cable TV company suffer a similar taint In addition, most of the deals...

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