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Asia Pacific Wire & Cable Corporation Limited Announces Results of the Rights Offering
Globenewswire· 2026-01-28 14:00
Core Viewpoint - Asia Pacific Wire & Cable Corporation Limited (APWC) successfully completed a rights offering, raising approximately $30.2 million through the exercise of 18,165,738 Rights for 20,616,227 Rights Shares, representing about 88.11% of the offered shares [2][5]. Group 1: Rights Offering Details - The Subscription Period for the rights offering began on December 18, 2025, and ended on January 23, 2026 [2]. - A total of 2,450,489 Rights Shares, approximately 11.89% of the offered shares, remain unsubscribed and will be offered to eligible investors [3]. - The Remainder Offering for the unsubscribed shares will commence immediately and continue until February 20, 2026 [4]. Group 2: Strategic Implications - The proceeds from the rights offering will fund APWC's expansion of manufacturing capacity in North America and Southeast Asia, as well as the acquisition of key products and technologies [5]. - The company aims to leverage recent trade deals between the US and Asia-Pacific partners to rebuild a resilient supply chain and manufacturing sector in the United States [5]. - APWC is positioned to benefit from increased demand in advanced electronics, components, and energy infrastructure, supported by its extensive industry experience and relationships [5]. Group 3: Company Overview - APWC is a holding company incorporated in Bermuda, with operations primarily in the manufacture and distribution of enameled wire, power cable, and telecommunications products across various Asia-Pacific markets [7]. - The company also provides project engineering services related to power cable supply, delivery, and installation, serving a diverse customer base including appliance manufacturers and electrical contracting firms [7].