ProMOS Technologies is set to resume trading under normal conditions on the Taiwan Stock Exchange (TSE) on October 26, following measures to reduce its capital, according to the DRAM maker.
ProMOS's paid-in capital will be downsized by NT$47.2 billion (US$1.5 billion), or 65%, to NT$25.4 billion. The capital reduction will allow the company's net worth per share to rise to NT$6.91 from the current NT$2.42.
ProMOS said it is scheduled to stop trading on the stock exchange market between October 7 and 25, prior to new shares being listed.
ProMOS has fell into the full-cash delivery stock category in February 2009, due to its failure to settle ECB issues on schedule.
In other news, fellow DRAM maker Powerchip Technology will return to normal trading on the Taiwan Stock Exchange (TSE) on September 14, following an exercise to reduce its paid-in capital by 38%.