Tatung Telecom to get NT$1 billion capital injection - ResearchInChina

Date:2007-08-31liaoyan  Text Size:

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Tatung, an appliance and consumer electronics manufacturer in Taiwan, will invest an additional NT$1.0 billion in its wholly owned subsidiary Tatung Telecom, a WiMAX licensee in Taiwan, to expand the subsidiary's paid-in capital from NT$100 million to NT$1.1 billion, according to a company filing with the Taiwan Stock Exchange (TSE) on August 29.

The capital injection will enable Tatung Telecom to reach the minimum paid-in capital of NT$1.0 billion required by Taiwan's National Communications Commission (NCC) for WiMAX licensees. All licensees must meet the minimum amount by early 2008.

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