Powerchip to downsize capital by 60%

Josephine Lien, Taipei; Steve Shen, DIGITIMES Asia Friday 11 May 2012 0

Powerchip Technology has unveiled plans to reduce its paid-in capital by 60%, or about NT$33.24 billion (US$1.13 billion), to NT$22.16 billion in order to improve the net worth of its stock, according to the company.

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