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ADVANTEST shares fall back on \100 billion overseas CB issuance
ADVANTEST CORPORATION <6857> fell back. After the close of trading on the 1st, the company announced it had resolved to issue euro-yen denominated convertible bonds (CBs) with stock acquisition rights. The CBs, maturing in 2031, will be issued to overseas investors excluding the United States. The total issue amount is \100 billion. ADVANTEST will use the proceeds to expand production capacity for semiconductor testers, secure inventory to meet tester demand, and develop next-generation test solutions. The ratio of potential shares to total issued shares excluding treasury stock as of the 1st is expected to be 0.38%. As the stock had surged the previous day, profit-taking sales dominated trading on the 2nd.
Source: MINKABU PRESS
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