Brief: Posiflex Technology to issue new shares to repay loan

Posiflex Technology

12/08/2016 13:00

Aug 12 (Reuters) - Posiflex Technology  8114.TW : 
     
    * Says it will issue 3 million new shares of its common 
stock with par value of T$10 per share 
    * Says 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 to be offered to 
the existing shareholders 
    * Says the proceeds will be used to repay loan 
     
     
    Source text in Chinese: http://goo.gl/1b4JpJ 
    Further company coverage: 8114.TW  
 
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