Tuesday, August 18, 2009
In efforts aimed at strengthening its financial structure, Power Quotient International (PQI), is lining up issue of five-year domestic convertible bonds (CBs) worth up to NT$600 million, which translates into around US$18.2 million. The DRAM module maker has said this in a filing with the Taiwan Stock Exchange (TSE).
The company's board of directors has approved plans to issue up to 40 million new shares through private placement, with the unit price tentatively set at NT$15.7, it said in the filing. PQI had posted a net profit of NT$289 million in the first quarter of 2009, bucking negative trend after a loss of NT$776 million recorded during the previous quarter had hindered prospects.
Meanwhile, the company has reportedly said that demand for DDR2 modules has increased substantially. The module house expects the price of 1Gb DDR2 chips to surpass US$1.50 in the third quarter
By: DocMemory
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