Nanya to issue GDRs

September 2, 2003 – Nanya Technology Corp., Taipei, Taiwan, has applied with securities regulators to issue 25.3 million global depository receipts (GDR), according to Dow Jones.

The funds will help the company build its $2.2 billion chip plant in Taiwan, part of a JV with Infineon Technologies. Earlier this year Nanya raised $221 million with a GDR issuance of 32 million shares.

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