Jing Ju defaults on NT$110 million settlement, largest amount this year

(Central News Agency reporter He Hsiu-Ling, Taipei 22nd) The Taipei Exchange announced that it received a report from securities firm KGI Securities that copper foil manufacturer Jing Ju (8358) had a settlement default of approximately NT$110 million on April 21. This is the third such case reported to the Taipei Exchange this year, the fourth in the listed and OTC markets, and also the largest settlement default amount this year.

According to Taiwan's "T+2" settlement system, investors must complete settlement two trading days after a transaction. Related default situations are usually disclosed at this point.

The first settlement default case for the Taipei Exchange this year was HUAN-YEH-KY on January 15, reported by Yuanta Securities Donghu Branch, with a default amount of NT$10.721 million; Unimicron was the second case this year, with an amount of NT$68.895 million; Jing Ju is the third. (Editor: Hong Qi-Yuan) 1150421

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