Rush of fundraisings
Three more Taiwanese companies announced their fundraising plans last week. Arima Communications plans to raise US$55m through a GDR issuance. Bookrunner Taiwan Securities is expected to launch the deal in late September or early October. (See News.)Laser Tek also plans to launch a NT$300m (US$9m) five-year zero-coupon convertible bond. The company has already filed the deal with regulators and is expected to get approvals in mid-September. Polaris Securities is leading the transaction.
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