Sign Up

Asia Pacific Wire & Cable Corporation Limited Announces Plans for Rights Offering to Shareholders

TAIPEI, Taiwan, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) (the "Company"), today announced that it has filed a Registration Statement on Form F-1 (the "Registration Statement") with the Securities and Exchange Commission ("SEC") for a proposed rights offering to holders of its common shares.

The purpose of the rights offering is to raise equity capital in a cost-effective manner that gives all Company shareholders the opportunity to participate on a pro rata basis. If the rights offering is fully subscribed, the Company expects to receive gross proceeds of approximately $34.2 million. The net proceeds from the rights offering will be used primarily for investment in funding new production facilities aimed at taking advantage of the global supply chain re-alignment.

In the rights offering, the Company will distribute, at no charge to its shareholders, non-transferable subscription rights to purchase additional common shares of the Company. The subscription rights will be issued to holders of common shares on the to be determined record date, at a ratio of one subscription right per common share. Each subscription right entitles the holder to purchase one common share at the subscription price of $1.66 per common share, and we refer to this right as the basic subscription right. The basic subscription right entitles the holder to purchase whole shares only, and there is no right to purchase fractional shares.

The rights offering will include an over-subscription right, which will permit each rights holder, that exercises its subscription rights in full, the option to purchase additional common shares that remain unsubscribed at the expiration of the rights offering. The over-subscription right is subject to the ...