PCB Maker Career Tech Drops Private Placement Plan


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PCB maker Career Technology has decided to drop its plan of issuing common shares through private investment as it has to adjust its business operations to counter a substantial cut in orders from a major smartphone vendor, Digitimes reports.

The company made the decision despite its consolidated revenues for 2018 still posting a significant annual rise of 20% to reach NT$15.52 billion ($503.87 million).

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