Asia Pacific Wire & Cable Corporation Limited Announces Key Dates for Rights Offering

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[{"type":"text","content":"TAIPEI, Taiwan, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (“APWC” or “Company”) (NASDAQ: APWC) today announced its record date and expected subscription period for its rights offering previously-announced on August 29, 2025.","length":266,"tagName":"p"},{"type":"text","content":"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 at the subscription price of $1.66 per common share. The subscription rights will be issued to holders of common shares as of 5:00 p.m., Eastern Standard Time (“EST”), on December 11, 2025, the record date for the rights offering, at a ratio of one subscription right per common share. The subscription period for the rights offering is expected to commence on December 18, 2025 at 9:00 am EST, and to terminate at 5:00 p.m. EST on January 23, 2026, which we refer to as the expiration date of the rights offering.","length":690,"tagName":"p"},{"type":"text","content":"The rights offering includes (1) a basic subscription right, and (2) an over-subscription right, which will permit each rights holder that exercises its basic 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.","length":441,"tagName":"p"},{"type":"text","content":"The purpose of the rights offering is to raise equity capital in a cost-effective manner, which allows all Company shareholders the opportunity to participate on a pro rata basis. If the rights offering is fully subscribed, the Company expects to receive net proceeds of approximately $33.9 million to be used for general working capital and corporate purposes.","length":361,"tagName":"p"},{"type":"text","content":"The Company believe that the rights offering provides an excellent and fair opportunity for all existing shareholders to participate in our plans to enter into the North American market and to invest in new products and technologies that are additive in value creation and will enhance the traditional wire and cable business. CEO C.T. Yuan and the management team believe this initial ro...

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