Brief: Faraday Technology Says To Sell Up To 12 Million Shares Via Rights Issue
12/12/2023 08:36
Dec 12 (Reuters) - Faraday Technology Corp 3035.TW :
* TO SELL UP TO 12 MILLION SHARES VIA RIGHTS ISSUE, PRICE TO
BE
DETERMINED
* SAYS PROCEEDS FROM THE SALE WOULD BE USED FOR RESEARCH AND
DEVELOPMENT, OPERATIONAL FUNDS
Source text for Eikon: ID:nMOP6Q9135
Further company coverage: 3035.TW
(Reporting by Faith Hung)
((faith.hung@thomsonreuters.com;))
Recent news on FARADAY TECHNOLOGY
See all newsBrief: Faraday Technology Jan-Sept Net Profit T$523.78 Million
Brief: Faraday Technology Jan-June Net Profit T$372.1 Mln
Brief: Faraday Technology Says Jan-March Net Profit T$280.3 Mln
Brief: UMC Says To Invest Up To T$8 Mln In Buying Shares Of Unit Faraday Technology
Brief: Faraday Technology Says Unit Would Acquire Solid Silicon Technology For $20 Million