Nan Ya GDR and exchangeable priced

DRAM manufacturer Nan Ya Technology completed a concurrent GDR and exchangeable offering on Friday after a second day of losses on the TWSE. The sudden popping of the tech rally meant the GDR had a much tougher time than anyone had envisaged at the beginning of the week, while the exchangeable proved a far easier sell since it was backed by the credit of Nan Ya Plastics.