Breaking News, World News and Taiwan News.

VIA announces plan to reduce capital by 50 percent to make up for losses

Chip designer VIA Technologies Inc. yesterday announced a plan to reduce capital by 50 percent to make up for its loss.

After the reduction, the firm's capital will be about NT$4.93 billion, bringing the stock's net worth up to NT$17.52 a share.

After the announcement, Via shares tumbled and closed at NT$14.65, its daily limit.

The company last year had loss of NT$3.43 billion, or loss per share of NT$3.48, due to weak demands in the market.

The loss was recognized yesterday at the firm's shareholders meeting, presided over by Cher Wang, chairwoman, and her husband, CEO Chen Wen-chi.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search