Brief: WT Microelectronics plans new shares issuance for loan repayment

WT MICROELECTRONICS

29/09/2017 09:03

Sept 29 (Reuters) - WT Microelectronics Co Ltd  3036.TW  : 
     
    * Says it plans to issue up to 75 million new shares of its 
common stock, with issue price to be determined  
    * 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 of the new shares to be offered to 
the existing shareholders 
    * Proceeds will be used to repay bank loan 
     
    Source text in Chinese: https://goo.gl/RFY77N 
    Further company coverage: 3036.TW  
 
 (Beijing Headline News) 
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