Lian-Mao stock enters second phase of strict trading restrictions after price surge

Taiwanese copper foil substrate manufacturer Lian-Mao (6213) is facing stricter trading measures as its stock enters a second phase of "split-trading" restrictions. The company's stock price had surged dramatically, increasing by 98% over just ten trading days, which prompted the Taiwan Stock Exchange to implement the initial measures. The first phase of restrictions, which began on August 11 and was set to last until August 17, involved a two-minute interval trading system. However, the stock continued to experience significant price increases during this period, leading to the announcement of the second, more stringent phase. Starting August 14 and continuing for five business days until August 20, the stock will be subject to more rigorous controls. Trading will be conducted via a "manually controlled matching terminal," with trades executed approximately every two minutes. Crucially, all investors will be required to pay the full purchase price for any securities bought or sold on the same day. For margin trading, investors must provide the full margin for financing or the full collateral for short selling. The exchange will handle the settlement of margin transactions according to relevant regulations. The rapid price appreciation has put Lian-Mao under intense scrutiny, with the new measures aimed at curbing speculative trading and stabilizing the stock's movement.