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Taihan Cable eyes W526b share sale for facility investment

Taihan Cable & Solution Co. said Thursday it will raise 526 billion won ($406 million) in a rights issue to expand its production facilities amid rising demand for submarine cable products. Taihan Cable plans to issue 62 million common shares at 8,480 won per share, and the shares will be sold to its existing shareholders, the company said in a regulatory filing. The South Korean cable company said it will use 47. ....

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