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VIA to reduce capital to improve financial structure
VIA Technologies has decided to reduce its capital by 60% to NT$5.17 billion (US$153.4 million), with an effective date to be set during a shareholders meeting slated for June 19, the company said after a board meeting last week.
The company's net worth per share is expected to improve to NT$11.365 from the current NT$4.50 after the planned capital reduction, the company said. The company is estimated to still post losses in the first quarter of this year after recording a net loss of NT$4.02 billion in 2008, according to company sources.
Posted by | Mon, Apr 27, 2009 - 09:25 AM
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