Walsin Lihwa plans capital increase of EUR 60.5 million into Italian subsidiary
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Update time : 2025-01-08 17:25:01
On January 6, the board of directors of Walsin Lihwa, a stainless steel wire rod and cable manufacturer in Taiwan, approved an investment of EUR 60.5 million into the Italian stainless steel subsidiary Cogne Acciai Speciali S.p.A. (CAS) through its Luxembourg subsidiary.
Based on the current investment structure, Walsin Lihwa would first inject capital into its wholly-owned subsidiary Walsin Lihwa Europe S.a r.l. (WLE), which would then inject capital into its 100%-owned subsidiary MEG S.A. Ultimately, MEG will complete the EUR 60.5 million capital increase for CAS. After the capital increase, Walsin Lihwa's indirect shareholding in CAS will rise from 70% to 71.83%.
Besides, the board also approved a cash capital increase plan with a limit of 400,000 shares to repay bank loans.
