5 stories mentioning TPE:4938Updated 43d ago
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Electronics design and manufacturing company Pegatron (TPE:4938) plans to sign a memorandum of understanding for a joint development project with CMP International, according to a Wednesday filing to the Taiwan stock exchange.The pact will be for developing 13 land plots in the Beitou district of Taipei City, Taiwan, with a total land area of 20,656.92 square meters.
Electronics manufacturer Pegatron Corp (TPE:4938) has received board approval to raise up to $500 million through the issuance of unsecured overseas convertible bonds, according to a Wednesday filing to the Taiwan stock exchange.The bonds will be issued in denominations of $200,000 or in any multiple of $100,000 in excess thereof.They will be converted to NT dollars at a fixed exchange rate, and the repayment, repurchase, and redemption of the Bonds will be made in US dollars equivalent to the NT dollar amount.The funds will be used by the company to procure raw materials in foreign currencies.The issue period is tentatively set at up to five years from the issue date, and the coupon rate has been tentatively set at 0% per annum.
Pegatron's (TPE:4938) subsidiary, Rih Lih International, approved a cash capital reduction of $138.8 million, according to a Wednesday filing with the Taiwan Exchange.The electronics manufacturer's unit canceled 138.8 million shares, leaving a share capital of around $442.5 million.The move was intended to increase treasury management efficiency.
Pegatron (TPE:4938) board approved a $50 million capital reduction at its unit, Pegatron Holding, to improve treasury management efficiency.The capital reduction will cancel 50 million shares, representing 5.31% of the subsidiary's share capital, according to a Thursday Taiwan Exchange filing.
Pegatron (TPE:4938) unit Maintek Computer (Suzhou) secured shareholder approval to sell land and a building in Suzhou, China, for a total of 170 million yuan.The assets will be sold to Suzhou Gold Circuit Electronics as part of a resource integration plan.The company expects to record a disposal gain of about 137.1 million yuan.
