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AboCom to raise capital through private placement

MOPS, April 13
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AboCom Systems, a maker of network/communication equipment, will raise additional paid-in capital of NT$306 million (US$9.6 million) through issuing 30 million new shares for private placement at NT$10.2 per share, in order to form strategic partnerships ro bring in new technologies, according to the company's filing with the Taiwan Stock Exchange on April 12.

Article translated by Adam Hwang