Asia
FineMat Applied Materials OKs Up to NT$50 Million Cash Capital Increase
FineMat Applied Materials (TPE:6698) board has approved a cash capital increase by issuing new shares, according to a Wednesday Taiwan Exchange filing.The company plans to issue up to 5 million common shares with an aggregate par value not exceeding NT$50 million.The high-precision metal mask manufacturer's chairman will set pricing after regulatory approval.Proceeds from the offering will be used to repay bank loans, while any excess funds will be directed toward working capital, the filing said.
TPE:6698
