On The Money - In Brief
- Visual technology group Intervid, an associate company of technology investor Venfin, was one of the worst performing shares of 2002, coming in as the eleventh worst for the year - a drop of 70% to 120c from 400c a share. This compares to a 64% fall in the IT index during the year.
- Mustek Ltd, the largest supplier of computer products in southern Africa, listed on the Taiwan Stock Exchange last week. Mustek is only the fourth foreign company to do so. Mustek will issue 20 million Taiwan Depositary Receipts (TDRs) on the TAIEX at a price of NT$18 each. The total issuance will be worth NT$360 million. TDRs are a means by which foreign companies can list in Taipei.