Nanya Technology Corp (
The company will set a price for the sale of 400 million new shares and 33 million shares held by company management a few days before the transaction is held in the second quarter, Nanya Vice President Charles Kau (
Nanya is reviving a plan scrapped last year because of low demand from investors. Taiwan companies in the computer business including Via Technologies Inc (威盛電子) and Hon Hai Precision Industry Co (鴻海精密) were last year forced to scrap plans to sell new shares after PC sales declined for the first time since 1985.
Prospects for the stock sale improved as Nanya shares last week soared to a 12-month high of NT$51.5 (US$1.47) after prices of its main product more than tripled from less than US$1 per chip in early November, when Intel Corp said demand for Pentium4 computers was better than expected. It had canceled the share sale last year after its stock price fell below NT$15. Taiwan's largest supplier of double-data-rate memory chips, which speed operations in computers running Intel's Pentium4 processor, hired UBS Warburg to arrange the share sale, Kau said earlier.
The sale is the latest sign of increased demand for computer-related stocks in Taiwan. In January, Elitegroup Computer Systems Co (
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