G-Tech plans big share sale
G-Tech Optoelectronics Corp (正達國際), which makes cover glass for touchpanel displays, yesterday said its board had approved plans to sell as many as 29.5 million common shares via a private placement. The company plans to use the proceeds to buy equipment and raw materials, as well as replenish operational capital, G-Tech said in a filing to the Taiwan Stock Exchange. It said it also plans to use the money to repay bank loans. The company, a subsidiary of Hon Hai Precision Industry Co (鴻海精密), plans to spend between NT$3 billion to NT$4 billion (US$100 million and US$400 million) on new facilities and equipment this year. It is scheduled to hold an extraordinary shareholder’s meeting on Nov. 7 to discuss the share sale plan, but did not name the potential investor in the deal.
Taiwan, Britain ink MOU
Taiwan and the UK have signed a memorandum of understanding (MOU) to increase information exchanges and cooperation on intellectual property issues, the British Trade and Cultural Office said yesterday. The memorandum commits the two sides to exchange information and cooperate on issues such as Internet piracy, patent law harmonization and other international intellectual property issues, the British office said. The cooperative effort will be handled by the Taiwan’s Ministry of Economic Affairs’ Intellectual Property Office and the UK Intellectual Property Office.