Brief: TAISUN ENTERPRISE plans new shares issuance for loan repayment

Taisun Enterprise

10/08/2017 11:15

Aug 10 (Reuters) - TAISUN ENTERPRISE Co Ltd  1218.TW  : 
     
    * Says it plans to issue up to 146.7 million new shares of 
its common stock 
    * Says issue price will be determined later 
    * 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 of the new shares to be offered to 
the existing shareholders 
    * Proceeds will be used to repay loan and invest in units 
     
    Source text in Chinese: https://goo.gl/2TdEHb 
    Further company coverage: 1218.TW  
 
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