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Acer completes fund-raising target of NT$5.4 billion

Acer completes fund-raising target of NT$5.4 billion

Taipei, Feb. 10 (CNA) Taiwanese computer maker Acer Inc. (??) announced Tuesday the completion of its second public offering of 300 million common shares to raise a total of NT$5.4 billion (US$180 million) in funds. The new shares, which will be distributed to shareholders on Feb. 11, mark the first equity raising plan by Acer since the company spun off its former manufacturing operations in 2001, it said in a statement. The fund will be used to pay bank loans, finance euro convertible bonds and bolster funds for new business investments for the company's long-term sustainability, according to Acer. "As Acer transitions to become a hardware plus software plus services company, it will continue to solidify its existing core business while also stepping up the pace to invest and innovate in new businesses in the era of cloud computing and for the start of a new-new Acer," the New Taipei-based company said, referring to the "new Acer" moniker it adopted in 2001. (By Jeffrey Wu)


Updated : 2021-09-23 14:47 GMT+08:00