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2408 — Nanya Technology News Story

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Nanya Technology shares surge 10% after $2.5 billion private placement

TAIPEI, March 26 (Reuters) - Shares of memory chip maker Nanya Technology 2408.TW opened on Thursday limit up 10% after it issued a $2.5 billion private placement backed by tech firms such as Sandisk Technology.

Nanya Technology announced share sales to Sandisk Technology, Cisco Systems, among others via private placement late on Wednesday.

 (Reporting by Faith Hung; Editing by Christian Schmollinger)

 ((faith.hung@thomsonreuters.com;))

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