Brief: ALLTEK TECHNOLOGY plans new shares issuance for loan repayment

Alltek Technology

10/08/2017 11:16

Aug 10 (Reuters) - ALLTEK TECHNOLOGY CORP  3209.TW  : 
     
    * Says it plans to issue about 16 million new shares of its 
common stock 
    * Says issue price will be determined later 
    * 10 percent of the new shares to be offered to the 
company's employees 
    * 10 percent of the new shares to be offered through public 
offering 
    * Remaining 80 percent of the new shares to be offered to 
the existing shareholders 
    * Proceeds will be used to repay loan  
     
    Source text in Chinese: https://goo.gl/4iEcsx 
    Further company coverage: 3209.TW  
 
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