Makalot Industrial Co’s (聚陽實業) board of directors yesterday priced 22 million new shares that are to be issued for a capital increase scheme at NT$136 apiece, the apparel maker said in a regulatory filing.
The price represents a discount of 30.79 percent from the closing price of NT$196.5 in Taipei trading yesterday, when the company’s shares rose 1.55 percent.
The company could raise NT$2.992 billion (US$105.02 million) in new capital from their sale, based on their pricing.
Makalot said in the filing that it plans to use part of the proceeds to pay off bank loans.
It announced the capital increase plan, the company’s