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TSMC: Evaluates Conversion of Common Stock to ADRs, but Currently Holds Off
6 day ago /
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Author：小编
During the TSMC shareholder meeting, Chief Financial Officer L.J. Huang addressed the topic of Taiwan stock underperforming American Depositary Receipts (ADRs). Huang clarified that while the company has explored the possibility of converting common stock into ADRs, it is cautious about the potential ramifications on stock prices and thus does not intend to proceed with the conversion at this time. He further noted that the company would revisit the option of introducing ADRs when market conditions stabilize in the future.
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