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World News 24h

poniedziałek, 11 grudnia 2017 15:59

Win Semiconductors Corp said it has agreed to sell 20 million shares to Avago Technologies General IP Pte for about NT$5.54 billion via a private placement. The share sale would make Avago a strategic investor owning about a 4 percent stake in Win and would help strengthen the partnership between the two companies, Win said. In a filing with the Taiwan Stock Exchange, Win said it would sell 20 million new common shares to Avago at NT$277 each between Saturday and Dec. 22. The price represents a 3.15 percent discount compared with the company’s closing share price of NT$286 on Friday on the Taipei Exchange. The Taoyuan-based company said it plans to use the proceeds to finance its capital spending, boost research and development activities and replenish its operating capital.

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