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
Wintek makes touchscreens for iPads and many other devices

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...

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