Brief: Taiwan Enterprise Cayman to issue new shares for bank loan repayment and operating funds enrichment

Tainan Enterprise Cayman Co.,

04/10/2016 08:55

Oct 4 (Reuters) - Taiwan Enterprise Cayman  5906.TW : 
     
    * Says it will issue 40 million new shares of its common 
stock with par value of T$10 per share and issue price at T$5 
per share for bank loan repayment and operating funds enrichment 
    * 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 
     
     
    Source text in Chinese: https://goo.gl/3bglM0 
    Further company coverage: 5906.TW  
 
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