Asia Pacific Wire & Cable Corporation Limited Announces Plans for Rights Offering to Shareholders
Asia Pacific Wire & Cable (NASDAQ:APWC) has filed a Registration Statement with the SEC for a proposed rights offering to its shareholders. The company aims to raise approximately $34.2 million in gross proceeds through the offering of non-transferable subscription rights at $1.66 per common share.
Shareholders will receive one subscription right per common share held on the record date, with both basic subscription rights and over-subscription privileges available. The company's controlling shareholder, Pacific Electric Wire & Cable (PEWC), has indicated plans to invest approximately $27.7 million in the offering.
The proceeds will be primarily used to fund new production facilities to capitalize on global supply chain realignment opportunities.
Asia Pacific Wire & Cable (NASDAQ:APWC) ha depositato presso la SEC un prospetto per un'offerta di diritti rivolta agli azionisti. L'azienda intende raccogliere circa 34,2 milioni di dollari lordi offrendo diritti di sottoscrizione non trasferibili a 1,66 $ per azione ordinaria.
Agli azionisti sarà assegnato un diritto di sottoscrizione per ogni azione ordinaria posseduta alla data di riferimento, con diritti di sottoscrizione base e la possibilità di sovrasottoscrizione. L'azionista di controllo, Pacific Electric Wire & Cable (PEWC), prevede di investire circa 27,7 milioni di dollari nell'operazione.
I proventi saranno utilizzati principalmente per finanziare nuovi impianti di produzione, per sfruttare le opportunità derivanti dal riallineamento delle catene di approvvigionamento globale.
Asia Pacific Wire & Cable (NASDAQ:APWC) ha presentado en la SEC un registro para una propuesta de oferta de derechos dirigida a sus accionistas. La compañía busca recaudar aproximadamente 34,2 millones de dólares brutos mediante la emisión de derechos de suscripción no transferibles a 1,66 $ por acción ordinaria.
Los accionistas recibirán un derecho de suscripción por cada acción ordinaria poseída en la fecha de registro, con derechos básicos de suscripción y privilegios de sobresuscripción. El accionista de control, Pacific Electric Wire & Cable (PEWC), ha manifestado su intención de invertir alrededor de 27,7 millones de dólares en la oferta.
Los fondos se destinarán principalmente a financiar nuevas instalaciones de producción para aprovechar las oportunidades derivadas del reajuste de las cadenas de suministro globales.
Asia Pacific Wire & Cable (NASDAQ:APWC)는 주주 대상 권리공모를 위해 SEC에 등록서류를 제출했습니다. 회사는 보통주당 주당 1.66달러의 양도 불가능한 청약권을 발행해 총 약 3,420만 달러의 총수익을 조달할 계획입니다.
기준일에 보유한 보통주 1주당 1개의 청약권이 부여되며 기본 청약권과 초과청약 권리가 제공됩니다. 최대주주인 Pacific Electric Wire & Cable(PEWC)는 이 공모에 약 2,770만 달러를 투자할 예정이라고 밝혔습니다.
조달 자금은 주로 글로벌 공급망 재편에 따른 기회를 활용하기 위한 신규 생산시설 자금으로 사용될 예정입니다.
Asia Pacific Wire & Cable (NASDAQ:APWC) a déposé auprès de la SEC un document d'enregistrement pour une offre de droits proposée à ses actionnaires. La société vise à lever environ 34,2 millions de dollars de produit brut en émettant des droits de souscription non transférables à 1,66 $ par action ordinaire.
Les actionnaires recevront un droit de souscription par action ordinaire détenue à la date d'enregistrement, avec des droits de souscription de base et des privilèges de sur-souscription. L'actionnaire majoritaire, Pacific Electric Wire & Cable (PEWC), a indiqué son intention d'investir environ 27,7 millions de dollars dans l'offre.
Les fonds serviront principalement à financer de nouvelles installations de production afin de tirer parti des opportunités liées au réalignement des chaînes d'approvisionnement mondiales.
Asia Pacific Wire & Cable (NASDAQ:APWC) hat bei der SEC eine Registrierung für ein vorgeschlagenes Bezugsrechtsangebot an seine Aktionäre eingereicht. Das Unternehmen beabsichtigt, rund 34,2 Millionen US-Dollar Bruttoerlös durch die Ausgabe nicht übertragbarer Bezugsrechte zu je 1,66 $ pro Stammaktie zu erzielen.
Aktionäre erhalten ein Bezugsrecht pro am Stichtag gehaltener Stammaktie; es werden sowohl Basisbezugsrechte als auch Überzeichnungsoptionen angeboten. Der Mehrheitsaktionär Pacific Electric Wire & Cable (PEWC) plant, etwa 27,7 Millionen US-Dollar in das Angebot zu investieren.
Die Mittel sollen hauptsächlich zur Finanzierung neuer Produktionsanlagen verwendet werden, um Chancen aus der Neuordnung globaler Lieferketten zu nutzen.
- Potential to raise $34.2 million in gross proceeds for strategic expansion
- Controlling shareholder PEWC indicates strong support with planned $27.7 million investment
- Shareholders receive pro rata opportunity to maintain ownership through subscription rights
- Strategic investment in new production facilities to capitalize on global supply chain shifts
- Potential dilution for shareholders who do not participate in the rights offering
- No guarantee of PEWC's participation despite stated intentions
- Share price set at $1.66 may represent a discount to market value
Insights
APWC's $34.2M rights offering aims to fund production expansion, with majority stakeholder PEWC indicating significant participation.
This rights offering represents a significant capital raising initiative for APWC, with the company looking to secure approximately
The strategic rationale behind this capital raise is particularly noteworthy - APWC plans to invest in new production facilities positioned to capitalize on global supply chain realignments. This suggests management is making a calculated move to expand manufacturing capacity in response to shifting international trade patterns, likely related to ongoing restructuring of supply chains away from traditional manufacturing centers.
For minority shareholders, this rights offering presents both an opportunity and a consideration. While they can maintain their proportional ownership by exercising their rights, those who don't participate will experience dilution. The non-transferable nature of these subscription rights means shareholders must either use them or lose them - they cannot sell these rights to others, limiting flexibility compared to transferable rights offerings. The inclusion of an over-subscription privilege does provide interested shareholders the potential to increase their position beyond their pro-rata allocation if others don't fully participate.
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
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
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 availability and allocation of shares among holders exercising their over-subscription right, as further described in the rights offering documents.
The Company’s controlling shareholder, Pacific Electric Wire & Cable Co., Ltd. (“PEWC”), has informed the Company that it intends to participate in the rights offering by means of a cash investment of at least approximately
Until the Registration Statement has been declared effective by the SEC, the rights offering will not commence and the securities covered therein may not be sold, and offers to buy may not be accepted. The record date, which will be announced when established, the subscription period and expiration date of the rights offering will be included in the Company’s final prospectus that provides detailed information about the rights offering. After the Registration Statement is declared effective by the SEC, a copy of the prospectus included in that Registration Statement may be obtained free of charge by visiting the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Asia Pacific Wire & Cable Corporation
Asia Pacific Wire & Cable Corporation Limited is a holding company incorporated in Bermuda with principal executive offices in Taiwan that operates its business through operating subsidiaries. Through its subsidiaries, the Company is principally engaged in the manufacture and distribution of enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People’s Republic of China, Hong Kong and certain other markets in the Asia Pacific region. The Company also engages in the distribution of certain wire and cable products manufactured by its controlling shareholder, Pacific Electric Wire & Cable Co., Ltd., and certain third parties. The Company also provides project engineering services in the supply, delivery and installation of power cable. The Company’s major customers include appliance component manufacturers, electrical contracting firms, state owned entities, and wire and cable dealers and factories.
Safe Harbor Statement
This release contains certain “forward-looking statements” relating to the Company, its business, and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “anticipates”, “expects”, “estimates”, “intends”, “plans” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as believed, anticipated, expected, estimated, intended or planned. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
| Investor Relations Contact: |
| Pacific Holdings Group |
| 2901 Dallas Parkway, Suite 360 |
| Plano, TX 75093 |
| Attn: Paul Weber |
| Phone: (469) 797-7191 |
| Email: pweber@pusa.com |
FAQ
What is the purpose of APWC's rights offering in 2025?
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What is the subscription price for APWC's 2025 rights offering?
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When will APWC's rights offering commence?
