2023-09-07Group News
Radium (2547TW) plans to expand circular economy business -Subsidiary Rih Ding Water plans to raise cash capital by NT$ 592 million
Listed company Radium (2547 TW) announces to expand its circular economy business, with subsidiary Rih Ding Water Co., Ltd. planning to issue 50,200 thousand shares, issued price NT$11.8 per share, based on the unaudited book value per share of Rih Ding Water on July 31, 2023. The new shares are expected to be subscribed mainly by Rih Ding Circular Economy Investment Holdings Co., Ltd., a 100% owned subsidiary of Radium, with a total amount of no more than NT$592,360,000. The paid-in capital of Rih Ding Water Co., Ltd. will reach NT$6.21 billion by the time capital increase completed, with number of shares issued to reach 621,000 thousand shares.