Brief: Tatung to issue new common shares

Tatung

22/12/2017 02:02

Dec 22(Reuters) - Tatung Co  2371.TW   
     
    * Says it plans to issue up to 500 million shares of its 
common 
stock, with par value of T$10 per share 
    * 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 and remaining 75 percent to be offered to the 
existing shareholders 
    * Proceeds will be used for repayment of bank loans, 
improvement 
in financial structure and replenishment of working capital  
 
    Source text in Chinese: https://goo.gl/YM2Jho 
    Further company coverage: 2371.TW  
 
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