In today’s briefing:
- WT Microelectronics Placement – Wouldn’t Be Difficult to Digest
WT Microelectronics Placement – Wouldn’t Be Difficult to Digest
- WT Microelectronics (3036 TT) major shareholder, WPG Holdings (3702 TT), seeks to raise up to approximately NT5.15bn (US$159m) through a secondary block deal, selling approximately 40m shares (4.5% of TSO).
- The deal is a small one to digest at 3.6 days of three month ADV and 4.1% of current mcap.
- In this note, we will talk about the placement and run the deal through our ECM framework.
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