Reported 8 months ago
HTC's important subsidiary, High Tech Computer Asia Pacific Pte. Ltd., announced a cash reduction plan to reduce $100 million (about NT$3.2 billion), eliminating 100 million shares with a reduction rate of 41.88%, resulting in a revised capital of approximately $138 million (about NT$4.4 billion). HTC stated that this move is to align with the group's financial planning. HTC's May revenue was NT$191 million, up 10.4% month-on-month but down 46.94% annually; accumulated revenue for the first five months of the year was NT$959 million, down 41.38% annually. HTC recently launched the new HTC U24 pro smartphone emphasizing AI camera features to seize AI phone market opportunities, expected to contribute significantly to HTC's revenue in the second and third quarters. HTC will hold a shareholders' meeting on the 20th to pass a resolution for offsetting 2023 losses and will discuss operational outlook and VR layout at the meeting.
Source: YAHOO