Brief: Taishin Financial Holding to issue preferred shares for T$30 bln

TS Financial Holding Co

23/09/2016 07:05

Sept 23 (Reuters) - Taishin Financial Holding Co Ltd 
 2887.TW : 
      
      
    * Says it plans to issue up to 600 million preferred shares 
at T$50 per share, for T$30 billion in total  
    * Says 15 percent of new shares will be offered to the 
company's employees, 10 percent will be offered to public and 
remaining 75 percent will be offered to the company's existing 
shareholders 
    * Says proceeds will be used for working capital supplement 
and business development 
     
     
    Source text in Chinese: http://rrd.me/HYtP 
    Further company coverage: 2887.TW  
 
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