L&L Selects Top Tier Underwriter for Its Taiwan TDR
SEATTLE, May 21, 2013
SEATTLE, May 21, 2013 /PRNewswire/ --L & L Energy, Inc. (NASDAQ: "LLEN")
("L&L" or the "Company"), a U.S.-based company with a track record of
profitable coal operations in China, is pleased to announce it has selected
top tier Taiwan underwriter, Taishin (meaning New Taiwan) Securities Co, to
underwrite L&L's Taiwan Depository Receipt (TDR) listing.
Following April's engagement of KPMG Taiwan (KPMG) to audit L&L's financial
statements to comply with Taiwan Stock Exchange listing regulations, Taishin
will act as underwriter to raise capital for the issuance in Taiwan.
Taishin Securities is a subsidiary of Taishin Financial Holdings (2887: Taiwan
Stock Exchange). Taishin Financial Holdings also controls Taishin
International Bank and Taishi Venture Capital, as well as 22% ownership of
Chang Hwa Commercial Bank, the oldest commercial bank in Taiwan.
In conjunction with the Taiwan listing, L&L is expanding its Taiwan
operations, including establishing business with Apollo Technology in clean
(coal) energy business and exploring opportunities with China Development &
Industrial Bank (CDIB) on international trade finance.
L&L Chairman and CEO, Dickson Lee commented, "I am pleased to secure strong
partners such as Taishin and KPMG for our Taiwan listing. Taishin team has
demonstrated professionalism and support for our expansion into the Taiwan
energy market. I look forward to working with Taishin to enhance LLEN
Forward Looking Statements
The statements containing words that are not historical fact, including
statements related to Company's Litigation Reform Act of 1995, and that
involve a number uncertainties. Actual results of the future events described
in this document could differ materially. Other than as required under the
securities laws, the Company does not assume a duty to update these
L&L Energy Inc.
SOURCE L & L Energy, Inc.
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