Thai­land-based firm to seek TWSE pri­mary list­ing

The China Post - - LOCAL -

Apex In­ter­na­tional Co. ( ), a Thai­land-based elec­tron­ics maker has filed an ap­pli­ca­tion with the Tai­wan Stock Ex­change to seek a pri­mary list­ing on the main board, ac­cord­ing to the ex­change.

Apex is the fifth for­eign-in­cor­po­rated en­ter­prise to seek a list­ing on the TWSE so far this year, the ex­change said.

Apex, which was in­cor­po­rated in the Cay­man Is­lands in Oc­to­ber 2009, and cur­rently runs a broader pro­duc­tion base in Thai­land, has been a listed com­pany on the lo­cal over-the­counter mar­ket since Oc­to­ber 2011.

Although Apex is an over­seasin­cor­po­rated com­pany, chair­man Wang Shu-mu ( ) and chief ex­ec­u­tive of­fi­cer Chou Jui-hsiang ( ) are Tai­wanese na­tion­als.

The elec­tron­ics com­pany spe­cial­izes in the de­sign and man­u­fac­ture of dou­ble-sided and multi-layer printed cir­cuit boards (PCBs) used in a wide range of con­sumer elec­tron­ics gad­gets, such as LCD TVs, set-top boxes, prin­ters, satel­lite com­mu­ni­ca­tions de­vices and mul­ti­me­dia used in au­to­mo­biles.

About 40 per­cent of Apex's PCBs were sold in the Thai mar­ket, while the re­main­ing 60 per­cent were shipped to other mar­kets, in­clud­ing China, Hong Kong, South Korea, Brazil and South Africa. Apex said that sales to China and Hong Kong alone grew 30 per­cent in 2014.

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