Taiwan's DEPO makes pitch for overseas investors

Newswire

HONG KONG, Feb 26 (Reuters) - Taiwan car light maker DEPO Auto Parts Industrial Co , selling shares in an IPO worth US$29.6 million, hit the road this week in hopes of attracting foreign investors after the stock begins trading on March 17. DEPO's major shareholder, the Shu family, is selling 11.5 million shares, or 10 percent of the company's existing shares, in an IPO priced at T$86 (US$2.59) per share, or about nine times its 2004 earnings per share estimated at T$9.79. Among its ...

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