Cu International Ltd. announced that it will issue 5,000,000 common shares at an issue price of $1 per share for gross proceeds of $5,000,000 on November 10, 2023. The transaction included participation from returning investor Cheng Uei Precision Industry Co., Ltd. The shares are issued at a par value of $1 per share. The transaction was approved by board of directors of the investor, the parent of the company.
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- News Cheng Uei Precision Industry Co., Ltd.
- Cu International Ltd. announced that it expects to receive $5 million in funding from Cheng Uei Precision Industry Co., Ltd.