Elpida may resort to additional shares

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POSTER: computer news   ||   ELPIDA MAY RESORT TO ADDITIONAL SHARES	DATE:2012-02-25
The uncertainty of  Elpida future, which is engaged in production of memory chips, continues to concern investors and partners.  The debts of the company, whose volume has already exceeded $ 6 billion, should be fixed already in April this year.  Alternatively, there were rumors that Elpida considered an alliance with Micron. According to Elpida , the board of directors approved the decision to reduce the size of paid-up share capital by 63.5% to $ 236.1 billion yen and to issue new shares in an amount of 803 million pieces.  By selling these shares, the company will be able to repay the debt and continue existence .  Both proposals have to be approved by extraordinary shareholders' meeting Elpida, which is scheduled for March 28 this year.  In April, Elpida will repay the debt by about $ 1.6 billion in additional share issue is often used by companies to finance their activities. Related Products :

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