According to a filing with Taiwan's public information system on November 13, Panyi Technology (3594) waived its entire 16.35 million-share allocation in a NT$390-450 million capital raise by its subsidiary Panxu Intelligent. The subsidiary is issuing 3 million shares priced at NT$130-150 each; Panyi had the right to subscribe to 1.63 million shares based on its ownership stake but fully renounced participation. All shares will instead be offered to Panyi's shareholders on a pro-rata basis at 17.03 shares per 1,000 shares held. The decision supports Panxu's planned initial public offering by improving share distribution and attracting strategic investors.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.