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Defense Speak Interpreted: SWaPing Nanosatellites for Defense SystemsWistron’s Wise Cap Invests in GEOSAT Aerospace & Technology
April 9, 2024 | WistronEstimated reading time: Less than a minute
Wistron Corporation announced that its wholly-owned subsidiary, Wise Cap Limited Company, has participated in a private placement of common shares for GEOSAT Aerospace & Technology Inc., investing a total of NT$1.0 billion. Each share was subscribed at NT$20, resulting in a total subscription of 50 million shares. Following this transaction, Wistron’s subsidiaries now jointly hold a 45.18% stake in GEOSAT's common shares.
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