Brief: Kung Sing Engineering to issue new shares

Kung Sing Engineering

04/06/2018 08:02

June 4(Reuters) - Kung Sing Engineering Corp  5521.TW 
    * Says it will issue 100 million new shares of its common
stock
with par value of T$10 per share and issue price at T$10 per
share for bank loan repayment
    * 10 percent to 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 80 percent to
be offered to the existing shareholders

    Source text in Chinese:https://goo.gl/up1gTs
    Further company coverage: 5521.TW 

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