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Asia Pacific Wire & Cable Corporation Ltd. Announces Plans for Rights Offering to Shareholders


Provided by
GlobeNewswire
Jul 16, 2021 9:13 PM UTC
Taipei, Taiwan, July 16, 2021 (GLOBE NEWSWIRE) Asia Pacific Wire &  Cable Corporation Limited (Nasdaq: APWC) (the “Company”), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced that it has filed a Registration Statement on Form F-1 (the “Registration Statement”) with the Securities and Exchange Commission for a rights offering to holders of its common shares. 
The purpose of the rights offering is to raise equity capital in a cost-effective manner that gives all of the Company’s shareholders the opportunity to participate on a pro rata basis. If the rights offering is fully subscribed, the Company expects to receive gross proceeds of approximately $8.3 million before expenses.  The net proceeds of the rights offering will be used for general working capital and corporate purposes. ....

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