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2014-01-22

Genesis Photonics Increases Capital to Repay Bank Loans

Taiwanese LED chip manufacturer Genesis Photonics Inc (GPI) board meeting on January 21st decided to initiate capital increase, publishing 40 million shares at NT $14.5 each (US $.48) and raised resource of NT $580 million (US $19.2 million). According to a report released by the company, the increase in capital is for use in repaying bank loans. Shareholders can begin subscribing on March 11th.
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