Wintek raises $100 million from GDR issue

The deal comes as shares in Wintek, the Taiwan maker of LCD screens for handheld devices, hit a new 12-month low and is priced at an 8.3% discount.

Wintek raises $100 million from GDR issue

It looked like a tentative rebound at best, but the majority of stock markets in the region did finish higher yesterday as some investors deemed prices low enough to get back in.

Whether this will lead to more sustainable buying or investors will continue to sell into any further gains remains to be seen, but Taiwan’s Wintek Corp wasted no time trying to figure that out yesterday. Although its own share price fell 0.3% to...

To continue reading, please login or register for free

Click for more on: gdr | followon | technology | lcd | touch screens | morgan stanley

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...