Brief: Ting Sin plans new issuance for working capital supplement

Ting Sin Co

19/07/2017 11:52

July 19 (Reuters) - Ting Sin Co Ltd  2358.TW  : 
     
    * Says it plans to issue about 30 million new shares of its 
common stock 
    * Says issue price will be decided later 
    * 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 of the new shares to be offered to 
the existing shareholders 
    * Proceeds will be used as repayment for corporate bonds and 
working capital supplement  
         
    Source text in Chinese: https://goo.gl/bRLGvq 
    Further company coverage: 2358.TW  
 
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