With the approval of Taiwan Stock Exchange Corporation to Primary Listing, Global Lighting Technologies Inc. (GLT), a foreign company, was successfully primary-listed on Taiwan Stock Exchange on 28 July 2011 to raise approximately NT$ 767.5 million. GLT is a company registered in the Cayman Islands with plants located in Taiwan, Shanghai, Suzhou (Jiangsu Province), Zhongshan (Guangdong Province), etc. GLT also has a subsidiary in the U.S. conducting the development and marketing of the products. As the world's leading innovator in display backlighting technology, GLT is primarily engaged in the customized design and production of precise and extra-thin Light Guide Plate (LGP).
In 2008, The Finance Supervisory Commission, Executive Yuan released restriction on direct or indirect use of the raised capital for investment into and the ratio thereto accumulated in mainland China, by amending the provisions of Regulations Governing the Offering and Issuance of Securities by Foreign Securities Issuers. The amendment enhanced the applications for primary listing with Taiwan Stock Exchange Corporation by reorganized Chinese mainland enterprises that have Taiwanese investors. According to the Regulations Governing the Offering and Issuance of Securities by Foreign Issuers, the offering and issuance of securities of foreign issuers whose securities are not listed on overseas' securities markets, when approved by Taiwan Stock Exchange Corporation, is defined as "primary listing".
As legal counsel to GLT's primary listing with regard to the laws of mainland China, Llinks has advised on all related aspects of this primary listing.
