Dahon has returned to Taiwan with new company Dahon TW and has gone public on the Taiwan Stock Exchange, as revealed at this week’s Taipei Cycle Show.
Dahon TW is being headed up by vice general manager Cathy Chen, who will expand the workforce and promote Dahon in the local market.
The new company will be a new subsidiary for R&D, purchasing and distribution. The public flotation of the company is being handled by Taiwan-based KGI Securities.
Dahon said: "DAHON’s flotation on the Taiwan Stock Exchange shows the company continuing to grow, with the decision to go public facilitating this growth. With benefits deriving from issuing stock, which will in turn open up further options. It will also give DAHON a greater visibility amongst both the public and with investors, resulting in greater credibility and a better public image. The signing ceremony is the first step towards this goal.
"The establishment of the new company and flotation on the Taiwan stock market are important steps for DAHON, as Taiwan has been an important area for the company in the past. In 1996 DAHON was used as a poster company for Taiwan to help promote foreign trade and the country’s businesses to foreign investors, which was an integral part of the company’s formative years. Taiwan is also where DAHON has won numerous awards for their innovative designs, such as the Taiwan/CETRA Outstanding Product Award. DAHON will be returning to such an important market with a greater focus."