Astro issues new shares

27 February 2008

TAIWAN -- As reported by the DigiTimes: "Astro, a Taiwan-based developer of arcade/casino gaming machines, will issue 6.50 million new shares at a tentative sale price of NT$65 per share to raise an estimated NT$422.5 million (US$13.4 million) in additional capital, with NT$270 million to be used to repay bank loans and the remainder to be invested in R&D, according to a decision made by the company's board of directors on February 25.

"...Astro is waiting for certification of its AWP (amusement with prize) gaming machine in Italy, the market with the largest potential for such machines in Europe, the company noted."

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