Synnex Technology to expand capital by up to NT$6 billion

Synnex Technology International, the largest Taiwan-based 3C (computer, communication, consumer electronics) channel distributor, will increase its paid-in capital to a maximum of NT$6.0 billion (US$196 million) by issuing new shares, with the shares to be issued in Taiwan or through the issuing of depository receipts overseas, according to a decision made by the company's board of directors on March 21.

Synnex Technology currently has paid-in capital of NT$10.84 billion and the raising of funds will increase its capital by up to 55.4%, the company pointed out.


According to the Chinese-language Commercial Times newspaper, the new funds raised by Synnex Technology will go mainly to expanding its distribution network in China, the company's largest overseas market. Synnex Technology plans to eventually set up 20 logistics centers in China, the paper noted.

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