ASIA – Super Group receives approval to list 40m TDRs in Taiwan

SINGAPORE – Super Group, Southeast Asian market leader for 3-in-1 instant coffee, has received approval to list up to 40 million Taiwan Depository Receipts (TDRs) on the Taiwan Stock Exchange.
 
Super is the first brand owner of 3-in-1 coffee products in the Southeast Asia region to receive approval for a TDR listing in Taiwan.
 
In a statement on Thursday, the company said that the Taiwan listing represents up to 20 million new ordinary shares in the capital of Super and believe that the listing could result in fresh business opportunities in Taiwan.
 
Currently, about 50 per cent of Super\’s products are sold to China and Taiwan, driven by the region\’s strong demand in coffee and milk tea consumption.