TechnicsO&G

TechnicsO&G: Update on TDR listing. Issue price at NT$11.70 (approx $0.51) for each TDR. Every 2 TDRs will represent 1 share, which is equivalent to approx $1.02 per share, a premium of ~1% to closing yday at $1.01. Of the 80m TDRs issued, the underwriter will retain 8m and issue 64.8m to institutions and priv individuals. Remaining 7.2m TDRs will be offered through a public subscription. Est proceeds of NT$304.2m (S$13.2m) will be raised to partly repay borrowings and reduce gearing.