Ritek stated that its revenues of NT$2.05 billion for last month were the
highest monthly level since May 2004.
In addition, Prodisc Technology obtained a five-year syndicated loan of
Ritek has orders on hand booking up its production capacity until the end of
this quarter, according to the company. Local stock market analysts predict
NT$5.2 billion for Ritek?s revenues for this quarter.
The syndicated loan for Prodisc will be jointly offered by 16 local banks,
with the Bank of Taiwan and the International Commercial Bank of China being
the firms arranging the deal. The joint lending is expected to largely
lighten Prodisc of its forthcoming financial burden of redeeming overseas
convertible bonds of NT$1.8 billion in September and paying off one-year
debts of NT$3.3 billion, some of lending banks noted.
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