Brief: Taiwan Styrene Monomer Says Plans To Sell Up To 50 Mln Shares Via Private Placement

Taiwan Styrene Monomer

22/01/2024 09:13

Jan 22 (Reuters) - Taiwan Styrene Monomer Corp
 1310.TW :
    * SAYS PLANS TO SELL UP TO 50 MILLION SHARES VIA PRIVATE
PLACEMENT
    * SAYS PRICING OF THE SHARE SALE HAS YET TO BE DETERMINED
    * SAYS PROCEEDS FROM THE SHARE SALE WOULD BE USED TO REPAY
BANK
LOANS TO MEET LONG-TERM OPERATION, BUSINESS DEVELOPMENT NEEDS

Source text for Eikon:  ID:nMOP7rMGg0 
Further company coverage:  1310.TW 

 (Reporting by Faith Hung)
 ((faith.hung@thomsonreuters.com;))