Nanya Technology's board of directors has approved the issuing of up to two billion shares at NT$10 (US$0.31) par value per share. The issue is subject to approval by its shareholders on June 24, according to the DRAM maker.

Nanya has revised upward its capex goal for 2010 to NT$20-25 billion, up from the original NT$19 billion.

Since the second half of 2009, Nanya has secured a syndicated loan of NT$18 billion, issued NT$16 billion worth of new shares and completed a fundraising plan for NT$12.2 billion through private placement

By: DocMemory
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