Taiwan-based Sino-American Silicon Products (SAS) has revealed that its subsidiary GlobalWafer, a silicon wafer maker, has reduced GlobalWafer Japan's paid-in capital by JPY10 billion (US$100.5 million) from the original JPY16.967 billion. GlobalWafer Japan is a wholly-owned subsidiary of GlobalWafer.
The move is meant to increase GlobalWafer's working capital for more financial flexibility, SAS said.
SAS said it saw 2012 return on non-operating investment of nearly NT$900 million in GlobalWafer and about CNY100 million (US$16.3 million) in China-based subsidiary Kunshan Sino Silicon Technology.
Source:
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