Taiwan Star Cellular looking to boost paid-in capital via new share issue

28 Feb 2014

Taiwan Star Cellular Corp, which emerged from the country’s October 2013 4G auction with a 10MHz block of spectrum in the 900MHz band, will reportedly issue 1.2 billion new shares with a view to increasing its paid-in capital by TWD12 billion (USD399 million) to TWD20 billion. According to the Digitimes, Taiwan Star, a subsidiary of the Ting Hsin International Group, will reserve 10% of the new shares for employees, while the remaining 90% will be set aside for existing shareholders. Should any new shares go unsold, the company could authorise its chairman to initiate discussions with target investors for a private placement.

Taiwan, Taiwan Star Cellular,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share