Brief: Lung Hwa Electronics Says Plans To Raise T$59.8 Mln Via Private Placement

Lung Hwa Electronics

24/09/2024 08:08

Sept 24 (Reuters) - Lung Hwa Electronics Co Ltd
 2424.TW :
    * SAYS PLANS TO RAISE T$59.8 MILLION ($1.9 MLN) VIA PRIVATE
PLACEMENT
    * SAYS WILL PRICE THE SHARE SALE AT T$52 PER SHARE
    * SAYS PROCEEDS WOULD BE USED TO STRENGTHEN FINANCIAL
POSITION,
MEET CAPITAL NEEDS FOR FUTURE DEVELOPMENT

Source text for Eikon:  ID:nMOP3N2tDy 
Further company coverage:  2424.TW 

 (Reporting by Faith Hung)
 ((faith.hung@thomsonreuters.com;))