Reuters logo
BRIEF-Medigen Biotechnology plans new issuance for loan repayment and working capital enrichment
June 14, 2017 / 7:47 AM / 4 months ago

BRIEF-Medigen Biotechnology plans new issuance for loan repayment and working capital enrichment

June 14 (Reuters) - Medigen Biotechnology Corp :

* Says it plans to issue about 15 million new shares of its common stock

* Says issue price will be decided later

* 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 fulfill the working capital

Source text in Chinese: goo.gl/64pqLW

Further company coverage: (Beijing Headline News)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below