HISAKA

HISAKA: Total of 60m to be TDRs issued (1 TDR = 1 share), at range of NT$10.5 - NT$12.5 (approx $0.46-$0.54.). Price will be determined after completion of bookbuilding exercise. Bookbuilding to be carried out from 13-16 Jun and co expects to raise proceeds of btwn $9.2m to $10.8m from the sale of 20m new shares (remaining 40m are vendor shares). HISAKA last traded at $0.48 within the range of the issue. Co trades at 9.1x current P/E