Acer Gadget Waives Rights in Unit Share Sale Ahead of Listing
Acer Gadget (TPE:2432) will waive its entitlement to subscribe for 6.5 million shares in the cash capital increase of its unit, Acer Fashion, according to a Wednesday Taiwan Exchange filing.This allows the shares to be offered to Acer Gadget shareholders as the unit prepares for a planned stock market listing.Acer Fashion plans to issue 7.7 million new shares at NT$15 per share, raising NT$115.5 million to replenish working capital. Of the new shares, 15% will be reserved for employees, while the remaining 85% will be made available to Acer Gadget shareholders after the parent waived its subscription rights.Shareholders on record as of June 29, will be eligible to subscribe based on their holdings, with the subscription timetable to be announced later.
