Brief: Weikeng Industrial to issue new shares for bank loan repayment

Weikeng Industrial

27/06/2016 09:43

June 27 (Reuters) - Weikeng Industrial  3033.TW : 
     
    * Says it will issue 40 million new shares of its common 
stock with par value of T$10 per share 
    * Says 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, remaining 75 percent to be offered to 
the existing shareholders 
    * Says the proceeds will be used to repay bank loan 
     
     
    Source text in Chinese: http://985.so/3Xk3 
    Further company coverage: 3033.TW  
 
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