AOE Optronics Co., Inc announced that it expects to receive TWD 156 million in funding from Asia Optical Co., Inc., and other investors
March 17, 2020
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AOE Optronics Co., Inc announced a private placement of 12,000,000 common shares at TWD 13 per share for gross proceeds of TWD 156,000,000 on March 18, 2020. The company will issue 1,200,000 shares to employees and 10,800,000 to existing shareholders. The transaction will include participation returning investor, Asia Optical Co., Inc. (TSEC:3019) which holds majority stake in the company. Each share to be issued will have a par value of TWD 10. The transaction has been approved by board of directors of Asia Optical Co., Inc. (TSEC:3019). Payment date will be from June 19, 2020 to June 26, 2020.
Asia Optical Co., Inc. is a Taiwan-based company principally engaged in the manufacturing and distribution of various optical components. The Companyâs principal products include optical lens products, laser range finder parts, digital video disk (DVD) components and optical communication components. The Company mainly operates through five business segments: optical components segment, image sensor segment, digital cameras segment, optoelectronic products segment and optoelectronic components segment. The Company mainly distributes its products in Taiwan, Japan, Asia and America.
ASIA OPTICAL CO., INC. 
