Taiwan optical-disc maker Lead Data to raise capital from target investors

Thursday, December 09, 2004

Taiwan optical-disc maker Lead Data to raise capital from target investors

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According to DigiTimes, Lead Data on December 7 announced that it will attempt to raise additional capital by issuing up to 257.92 million new shares, with the funds earmarked for improvement of the company?s financial structure.

Before issuing the new shares, Lead Data will set a date for determining a reference price, which will be determined by the company?s average share price for the preceding 30 days. At that point, the price of the new shares will then be set to 60-80% of the reference price, according to Lead Data.