Asia
Lianyou Metals Waives Subscription Rights in Unit's Capital Increase
Lianyou Metals (TPE:7610) board approved waiving its subscription rights to 8.25 million shares in the cash capital increase of unit, Lianyou Advanced Materials, according to a Friday Taiwan Exchange filing.The shares will instead be offered to Lianyou Metals' existing shareholders in proportion to their holdings, with July 19 set as the record date for the allocation.Shareholders will be entitled to subscribe for about 0.1697 share of Lianyou Advanced Materials for each Lianyou Metals share held.
TPE:7610
