Brief: Topco Scientific to issue 15.8 mln new shares to raise T$1.11 bln in total

Topco Scientific Co

14/09/2017 08:59

Sept 14 (Reuters) - Topco Scientific Co Ltd  5434.TW  : 
     
    * Says it plans to issue 15.8 million new shares of the 
company, at tentative issue price of T$70/share, to raise T$1.11 
billion in total   
    * Says 10 percent of the new shares will be offered to the 
company's employees 
    * 10 percent of the new shares will be offered through 
public offering 
    * Remaining 80 percent will be offered to the existing 
shareholders 
    * Proceeds will be used for bank loan repayment and working 
capital supplement  
     
    Source text in Chinese: https://goo.gl/Z49bFi 
    Further company coverage:  5434.TW  
 
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