TPE:2338

2 stories mentioning TPE:2338Updated 19d ago

Every FINWIRES story that references TPE:2338, newest first.

Taiwan Mask Divests Zhunan Plant for NT$2.8 Billion; Shares Rise 5%

Taiwan Mask (TPE:2338) completed the disposal of its Zhunan plant and related equipment to Siliconware Precision Industries worth NT$2.8 billion, according to its filing on Wednesday.Shares jumped over 5% in Thursday's midday trade.The photomasks manufacturer expects to book a gain of about NT$1.824 billion from the transaction.Taiwan Mask said the sale is aimed at asset optimization and focusing on core operations.

TPE:2338

Asia55d ago

Taiwan Mask Mulls Private Placement of Up to 20 Million Shares; Shares Rally 10%

Taiwan Mask (TPE:2338) board approved a plan to privately place up to 20 million shares in one to three tranches within a year, according to a filing with the Taiwan Exchange on Wednesday.Shares of the photomask manufacturer jumped about 10% in Thursday's midday trade.Proceeds from the offering are earmarked for working capital, factory expansion, machinery and equipment procurement, debt repayment, and other long-term development needs.Potential subscribers may include insider and related parties such as Luminous Rise Investment, TrueLight Corp., Star Fusion Group, and ALi Corp. (TPE:3041), although no final placees have been selected, it said.

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