Brief: Tung Kai Technology Engineering to issue 1 ~ 30 mln new shares

Lung Ming Green Energy Technology Engineering

11/05/2016 04:01

May 11 (Reuters) - Tung Kai Technology Engineering 
 3018.TW : 
     
    * Says it to issue 1 ~ 30 million new shares with par value 
of T$10 per share 
    * Says the issue price is not decided 
    * Says 12.5 pct of the new shares to be offered to the 
company's employees 
    * Says 10 pct of the new shares to be offered through public 
offering 
    * Says 77.5 pct to be offered to the existing shareholders 
    * Says the proceeds to be used to repay bank loan and enrich 
operating funds 
     
     
     
    Source text in Chinese: http://985.so/yJEb 
    Further company coverage: 3018.TW  
 
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Keywords: TUNG KAI TECHNOLOGY ENGINEERING/BRIEF