Jarllytec, a Taiwan-based maker of hinges for notebooks and LCD monitors/TVs, will issue up to 14.5 million new shares for sale at a tentative price of NT$25 per share to raise an additional paid-in capital of NT$362 million (US$11.2 million), according a decision approved at a provisional shareholder meeting on January 4.
Chairman Charles Liu noted that the company is still seeking players to join the private fund raising and expects to see 30% on-year revenue growth in 2010.
Charles Liu, Jarllytec chairman
Photo: Ninelu Tu, Digitimes, January 2010
Article translated by Joseph Tsai
