Taipei, April 17 (CNA) -- Tong Hsing Electric, a semiconductor packaging manufacturer, announced today that its subsidiary TONG HSING ELECTRONICS PHILS. INC. board of directors has resolved to conduct a cash increase, totaling approximately 97.76 million Philippine Pesos (about NT$51.54 million).

Tong Hsing stated that TONG HSING ELECTRONICS PHILS. will increase its capital by issuing 1.20692 million new shares at 81 Philippine Pesos per share, all to be subscribed by original shareholders, to supplement operational funds.

Tong Hsing was founded in Yingge in 1974. Its Philippine plant, located in Calamba City, was established in 1994. (Editor: Chen Yi-ling) 1150417

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  • Source: CNA (Central News Agency)
  • Category: Funding
  • Organizations: TONG HSING ELECTRONICS PHILS. INC.