Ling Jiu shares set to resume trading this week
Taiwan's regulator says trading in Ling Jiu will restart within days, ending a rare halt caused by the company running out of board members — a relief for shareholders stuck holding frozen stock.
- Ling Jiu was the only listed Taiwanese company that failed to file its second-quarter results on time.
- The cause was a boardroom collapse: a big shareholder cut its stake, its representatives lost their seats, and three independent directors quit, leaving one director and no way to hold a board meeting.
- A special shareholder meeting has now elected seven directors and approved the accounts, so the exchange can lift the trading halt once paperwork clears.
- The wider picture is far brighter: listed companies in Taiwan posted their strongest first half in a decade, with revenue up a third and pre-tax profit nearly doubling.
- The AI boom is doing the heavy lifting, lifting chipmakers, electronic parts suppliers, and computer hardware firms as cloud giants keep building out data centers.
Outlook: Trading should reopen within the week, while Taiwan's AI-driven earnings surge looks set to carry into the second half.