Cash Capital Increase via New Share Issuance to Underlie Overseas Depositary Receipts
Original: 本公司辦理現金增資發行普通股參與發行海外存託憑證
Summary
Gigabyte Technology has announced a cash capital increase through the issuance of new common shares to be used as the underlying securities for an overseas depositary receipt (GDR) offering. This transaction raises equity capital from international investors and increases the total share count, which may dilute existing shareholders. Full body available on MOPS.
Full Translation
The Company is conducting a cash capital increase through the issuance of new ordinary (common) shares, which will serve as the underlying shares for the issuance of overseas depositary receipts (GDRs). In a typical structure of this type, newly issued shares are deposited with a custodian bank, against which GDRs are issued and sold to institutional investors in overseas markets — enabling the company to raise foreign-currency capital while providing international investors a tradeable instrument. This constitutes a primary equity offering and will result in share count dilution for existing shareholders. [Body not available — subject line only. See MOPS for full announcement.]