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A-Data to raise funds to finance capacity expansion for NAND flash products

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Memory module maker A-Data Technology announced on November 21 that it aims to raise NT$1.5 billion in capital by issuing new shares and floating NT$1 billion in convertible bonds, with the goal of improving its financial structure and expanding capacity.

A-Data will issue 6.25 million shares with a target share price of NT$80 and five-year Taiwan Dollar denominated convertible bonds at a per unit price of NT$100,000.

More here at DigiTimes.

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