Brief: Kung Sing Engineering to scrap convertible bonds issue plan, to issue new shares as replacement

Kung Sing Engineering

29/01/2018 03:52

Jan 29 (Reuters) - Kung Sing Engineering Corp  5521.TW  : 
       
    * Says it decided to scrap the first tranche secured 
convertible 
bonds issue plan, to issue new shares as replacement  
    * Proceeds will be used to fulfill working capital, repay 
loan, 
fund project and repair power plant  
 
     
    Source text in Chinese: https://goo.gl/8Ts35D ; 
https://goo.gl/gxHwUQ 
    Further company coverage: 5521.TW  
 
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