Auto parts supplier Mahle may issue additional shares

Mahler said that if investors’ demand is strong, they may issue additional shares. Subsequent issuance refers to an enterprise's issuing of more stocks to investors after its initial public offering. Based on the closing price of Tuesday, June 14, 2011, the offering can raise approximately 138 million brasils (Brazilian currency, approximately US$201 million). Male Metal Leve SA, the Brazilian subsidiary of the automotive parts supplier Mahle Group, said in a statement that the company plans to sell at least 6.56 million shares through follow-on offerings on the São Paulo Stock Exchange and the Brazilian Exchange (BMFBovespa).