DigiTimes has reported that CMC and Ritek are trying to raise funds so that they can buy manufacturing equipment for Blu-ray and HD-DVD discs.
CMC Magnetics and Ritek, the top two makers of optical discs in Taiwan, will each float unsecured ECBs (euro convertible bonds) worth US$200 million in order to procure manufacturing equipment for Blu-ray and/or HD-DVD discs, while also bolstering their finances, according to the two companies.
The article also mentions that Optodisc and Prodisc are trying to raise additional funds by offering new shares to target investors. If you'd like to read more, head on over to DigiTimes.
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