HY Electronic (Cayman) (TPE:6573) approved a private placement of up to 20 million shares, with a par value of NT$10 per share, according to a Friday Taiwan Exchange filing.
Shares slid over 1% recently on Monday.
The company will issue shares in up to three tranches, based on fundraising needs, to qualified investors.
Proceeds will be used to boost working capital, strengthen the financial structure, and support future growth.
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