Brief: Asmedia Technology Says To Sell Up To 5.3 Mln Shares In GDR
01/03/2024 09:30
March 1 (Reuters) - Asmedia Technology Inc 5269.TW :
* SAYS TO SELL UP TO 5.3 MILLION SHARES IN FORM OF GLOBAL
DEPOSITORY RECEIPTS
* SAYS PROCEEDS FROM GDR SALE WOULD BE USED TO STRENGTHEN
OPERATIONAL CAPITAL, PURCHASE RAW MATERIALS, MACHINERY EQUIPMENT
* SAYS SHARE PRICE FOR GDR SALE WILL DEPEND ON MARKET
CONDITIONS
AMONG OTHER FACTORS
Source text for Eikon: ID:nMOP4rtXrB
Further company coverage: 5269.TW
(Reporting by Faith Hung)
((faith.hung@thomsonreuters.com;))
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