August 18, 2008 – SINTEK Photronic Corp. plans to reduce capital for NT3.1 billion dollars. After deducting NT315 million shares, the deducting ratio reached 34%, and the operating capital become NT6.123 billion dollars. Moreover, the EPS improved from NT8.25 to NT12.59 dollars.
Sintek plans to apply for stock exchange process on August 18, stop existing stock trade on September 23, start exchange new shares on September 29, and trade new stocks on October 13.
From the revenue point of view, Sintek revenue is NT0.6 billion dollars in July, comparing to June reduced 35%, and comparing to the same period in 2007 slipped 32.7%. The main reason was that Sintek sold Hu Kou plant to CPT on July 1, and kept the high productivity 5.0G line.
The accumulated revenue from January to July 2008 reached NT6.969 billion dollars grew 21.3% comparing to the same operation period in 2007. |