Mustek to list in Taiwan next week

By Staff Reporter for Mustek
Johannesburg, 16 Jan 2003

Computer manufacturer and distributor Mustek`s Taiwanese listing has been scheduled for Monday.

The group is issuing 20 million shares for cash to underlie the 20 million depository receipts to be listed on the Taiwan Securities Exchange (TSE) at 500c per receipt.

The shares will be listed on the JSE and the depository receipts on the TSE on Monday.

Mustek shareholders have been given the opportunity to sell pro rata 10% of their shares to Mustek at 500c a share.

The group says the rationale behind the listing of Mustek on the TSE is for Mustek to have access to foreign capital markets, potentially to improve Mustek`s market rating from the higher ratings associated with the TSE, as well as increase its international visibility and brand recognition.