TPE:6672

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Ventec International Plans 288 Million Yuan Investment for Tengyang Plant Improvement

Ventec International Group Co (TPE:6672) plans to invest about 288 million yuan in building improvements, machinery and equipment at the Tengyang Plant of its Ventec Electronics (Suzhou) subsidiary, according to a Thursday filing to the Taiwan stock exchange.The building improvements are estimated at 41.76 million yuan, while machinery and related equipment will cost about 246 million yuan.The company's machinery and building improvements are aimed at supporting business development and its strategic planning needs.

TPE:6672

Asia3h ago

Ventec International's Unit Leases Property for 26 Million Yuan; Shares Down 3%

Ventec International's (TPE:6672) subsidiary, Ventec Electronics (Suzhou), agreed to acquire the right to use a property in Kunshan City, China, from related party Kunshan Tengyang Metal Products for 26 million yuan, according to a Thursday filing with the Taiwan Exchange.The lease covers an area of around 20,000 square meters at a monthly rent of 470,000 yuan, with the lease running through Oct. 8, 2031.The property is adjacent to the subsidiary's existing facilities and will be used to support production capacity expansion.Shares of the PCB materials manufacturer were down nearly 3% in recent trade.

TPE:6672

Asia62d ago

Ventec International to Redeem Convertible Bonds Early

Ventec International (TPE:6672) said it will exercise its early redemption right for its second unsecured convertible bonds, with the redemption period running from Aug. 3 to Sept. 1.The trading of the bonds on the Taipei Exchange's over-the-counter market will terminate on Sept. 2, according to a Thursday Taiwan Exchange filing.Bondholders have until Sept. 3 to apply for conversion into shares.Ventec International said any bonds not converted by the deadline will be redeemed at 100% of their face value in cash.

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