01/15/2020 | Press release | Distributed by Public on 01/15/2020 03:32
The stock trading of TAIWAN OSTOR Co. (stock code: 8080) will be under an altered trading method starting Jan. 17, 2020
TAIWAN OSTOR Co. (stock code: 8080) announced and filed its financial report for the third quarter of 2019 on Jan. 10, 2020. The company has a circumstance provided in Article 12 of the Taipei Exchange Rules Governing Securities Trading on the TPEx. Because the CPA issues a review report for the third quarter of 2019 indicating substantial uncertainty concerning the company's ability to continue as a going concern. Simultaneously, the company's net worth as provided in its publicly announced and filed financial report is lower than three-tenths of its share capital stated in the financial report. Starting Jan. 17, 2020, when a securities firm accepts an order to buy or sell the common stock of TAIWAN OSTOR Co. (stock code: 8080), the securities broker shall collect full amount of the purchase price or securities for sale in advance, and adopt periodic trading method by matching order once every 30 minutes. The margin purchases and short sales of the stock, except in the case of settlement, will be suspended on the same day.