Brief: Teapo Electronic to issue new shares to repay loans and enrich operating funds

Kaimei Electronic

03/06/2016 03:58

June 3 (Reuters) - Teapo Electronic  2375.TW : 
     
    * Says it will issue 30 million new shares of its common 
stock with par value of T$10 per share in order to repay bank 
loans and enrich operating funds 
    * Says 15 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 75 percent to be offered to 
the existing shareholders 
     
     
    Source text in Chinese: http://985.so/2nkp 
    Further company coverage: 2375.TW  
 
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