Subsidiary USI Resolves Capital Increase in Shanghai Huanxing Optoelectronics
Original: 代子公司環旭電子(股)公司公告決議增資上海環興光電有限公司
Summary
ASE Technology Holding, acting on behalf of its subsidiary Universal Scientific Industrial Co., Ltd. (USI, 環旭電子), has announced a board resolution to inject additional capital into Shanghai Huanxing Optoelectronics Co., Ltd. (上海環興光電有限公司), a China-based entity in which USI holds an interest. The capital increase signals continued commitment to expanding optoelectronics-related capacity or operations in mainland China. Full details including the investment amount and rationale are available on MOPS.
Full Translation
On behalf of its subsidiary Universal Scientific Industrial Co., Ltd. (USI; 環旭電子股份有限公司), ASE Technology Holding (日月光投控, TWSE: 3711) announces that a resolution has been passed to increase the registered capital of Shanghai Huanxing Optoelectronics Co., Ltd. (上海環興光電有限公司). USI is a publicly listed subsidiary of ASE focused on electronics manufacturing services and module integration; Shanghai Huanxing Optoelectronics is a China-incorporated entity associated with USI's optoelectronics business line. A capital increase (增資) in this context typically involves USI injecting additional funds into the Chinese entity to expand its paid-in capital, which may be used to fund capex, working capital, or business expansion. [Body not available — subject line only. See MOPS for full announcement.]