Simtek Holdings' Malaysian Subsidiary Raises 87.4 Billion KRW in Third-Party Capital Increase
[Asia Economy Reporter Oh Hyung-gil] SUSTIO, a subsidiary of Simtek Holdings, announced on the 30th that it has resolved a third-party allotment paid-in capital increase worth 87.4 billion KRW against its largest shareholder, Simtek Asia Operation.
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The issue price per new share is 272 KRW, with a total of 321,632,000 new shares. The company stated that the raised funds will be used to establish a new production plant.
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