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Marco Polo drops Taiwan listing

Marco Polo drops Taiwan listing
Marco Polo Marine has pulled plans to list depositary receipts in Taiwan. The Singapore-listed firm had planned to list Taiwan Depositary Receipts (TDR) but had decided to drop the proposed issue due to weak market conditions.

“The company will proceed to submit an application to the Taiwan Stock Exchange and Securities and Futures Bureau of Taiwan to withdraw from the Proposed TDR issue and will make the necessary announcement upon receiving the necessary approval for the withdrawal,” Marco Polo said.

TAGS: Singapore