Co-Tech Reports Another Default Settlement of 23.43 Million NTD, Totaling Over 134 Million in 2 Days
Copper foil manufacturer Co-Tech Development Corp. reported another stock default settlement of 23.43 million NTD. Over two days, the total default amount reached approximately 134 million NTD, marking the fourth such case reported by the Taipei Exchange this year.
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- 📰 Published: April 22, 2026 at 23:12
- 🔍 Collected: April 23, 2026 at 00:02 (49 min after Published)
- 🤖 AI Analyzed: April 23, 2026 at 05:05 (5h 3m after Collected)
Central News Agency
(CNA Reporter Ho Hsiu-ling, Taipei, 22nd) Following a default settlement of approximately 110 million NTD reported for copper foil manufacturer Co-Tech Development Corp. on the 21st, the Taipei Exchange (TPEx) announced today another default settlement of 23.4375 million NTD for Co-Tech, reported by Union Securities' Zhongxiao Branch. The cumulative average default settlement amount over the two days totals about 134 million NTD. This marks the fourth default settlement case handled by the TPEx this year.
Under Taiwan's "T+2" settlement system, investors must complete settlement on the second trading day after the transaction, which is usually when defaults are revealed. The 23.43 million NTD default settlement reported by Union Securities' Zhongxiao Branch on the 22nd stems from a transaction made on the 20th, a day when Co-Tech's stock hit its daily limit up at 404 NTD.
The first default settlement case on the TPEx this year involved Global Communication Semiconductors (GCS-KY) on January 15th, reported by President Securities' Donghu Branch, amounting to 10.721 million NTD. LandMark Optoelectronics (LMOC) was the second case this year, with an amount of 68.895 million NTD. On April 21st, Capital Securities' Xisong Branch reported a default amount of 110 million NTD for Co-Tech; and on April 22nd, Union Securities' Zhongxiao Branch reported a default amount of 23.4375 million NTD for Co-Tech. (Editor: Chang Liang-chih) 1150422
(CNA Reporter Ho Hsiu-ling, Taipei, 22nd) Following a default settlement of approximately 110 million NTD reported for copper foil manufacturer Co-Tech Development Corp. on the 21st, the Taipei Exchange (TPEx) announced today another default settlement of 23.4375 million NTD for Co-Tech, reported by Union Securities' Zhongxiao Branch. The cumulative average default settlement amount over the two days totals about 134 million NTD. This marks the fourth default settlement case handled by the TPEx this year.
Under Taiwan's "T+2" settlement system, investors must complete settlement on the second trading day after the transaction, which is usually when defaults are revealed. The 23.43 million NTD default settlement reported by Union Securities' Zhongxiao Branch on the 22nd stems from a transaction made on the 20th, a day when Co-Tech's stock hit its daily limit up at 404 NTD.
The first default settlement case on the TPEx this year involved Global Communication Semiconductors (GCS-KY) on January 15th, reported by President Securities' Donghu Branch, amounting to 10.721 million NTD. LandMark Optoelectronics (LMOC) was the second case this year, with an amount of 68.895 million NTD. On April 21st, Capital Securities' Xisong Branch reported a default amount of 110 million NTD for Co-Tech; and on April 22nd, Union Securities' Zhongxiao Branch reported a default amount of 23.4375 million NTD for Co-Tech. (Editor: Chang Liang-chih) 1150422