Taipei, Dec. 19 (CNA) Shares of closing mid-sized carrier TranAsia Airways staged a strong rebound Monday, stopping 13 straight sessions of the 10 percent maximum decline, as investors have embraced high hopes that Far Eastern Air Transport Corp. () will step in to help the financially troubled TransAsia restructure its business, dealers said.
TransAsia shares rose 10 percent to close at NT$1.08 (US$0.03) with 33.33 million shares changing hands on the Taiwan Stock Exchange, where the weighted index ended down 0.94 percent at 9,239.32 points. After the solid rebound, there were still orders placed by investors to buy an additional 1.13 million TransAsia shares.
Since TransAsia announced a closure of its business without advance warning…
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