Brief: Topco Scientific plans new issuance for working capital enrichment and loan repayment

Topco Scientific Co

12/09/2017 11:14

Sept 12 (Reuters) - Topco Scientific Co Ltd  5434.TW  : 
     
    * Says it plans to issue about 15.8 million new shares of 
its common stock 
    * Says tentative issue price will be at T$70 per share 
    * 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 to repay loan and enrich working 
capital  
         
    Source text in Chinese: https://goo.gl/Z49bFi 
    Further company coverage: 5434.TW  
 
 (Beijing Headline News) 
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Reuters Messaging: Cheng.Li@thomsonreuters.com@reuters.net))