Reported about 1 year ago
In a first for the Taiwan capital market, KOKO Technology failed to list as planned on June 19 due to alleged negligence and incompetence by lead underwriter Sinopac Securities. KOKO Technology accused Sinopac Securities of causing obstacles during the listing process, leading to the delay in the listing. Despite the setback, KOKO Technology vowed to defend its rights and explore overseas listing options. Sinopac Securities denied the accusations, citing regulatory compliance issues. The Taiwan Stock Exchange supervisor emphasized the need for better communication between both parties.
Source: YAHOO