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2009 News Archives |
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| 2009-10-27 |
MTI Secures NT$1 Billion Syndicated Term Loan |
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Hsinchu, Oct. 27, 2009 - Microelectronics Technology Incorporation (MTI; TSE Code: 2314) today announced that it has signed a syndicated term loan with the amount of NT$1 billion. Five banks have participated in the syndication group, and funds provided through this agreement will enhance MTI financial structure and support working capital.
The syndicated term loan is NT$1 billion with a five-year maturity. Mega International Commercial Bank is the mandated coordinating arranger, and the four syndication members are Taishin International Bank, Taipei Fubon Commercial Bank, DBS Bank, and E. Sun Bank. MTI has held and completed the signing ceremony today.
About MTI
Established in 1983, Microelectronics Technology Inc. (MTI) was Taiwan's first microwave and satellite Communications Company. For 25 years, MTI has pioneered the wireless communications industry in Taiwan and continuously cultivated the development of microwave integrated circuits, focusing on the design, manufacturing and sales of niche and promising products within the microwave electronics market. MTI's work and contribution have been essential in solidifying Taiwan's position in the global high-tech arena. For more information, please visit www.mti.com.tw
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