Young Fast optoelectronics approved to issue new shares

Young Fast Opto-Electronics Co Ltd, a leading producer of small and medium-sized touch panel sensor products in Taiwan, said that its Board of Directors has approved the issuance of new shares to raise NT $ 85 million, reported sources.

The proceeds of the issuance will use for equipment procurement and future investments.

Among the new stocks to be issued, 15% will be offered for subscription of employees and 75% shareholders. the remaining 10% will be in the public offer.

Market Entries indicate that Young Fast is preparing for the production of basic glass panel of capacitive touch.

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