May 10, 2017 / 10:24 AM / in 2 months

BRIEF-Mercuries Life Insurance plans new issuance for working capital enrichment

1 Min Read

May 10 (Reuters) - Mercuries Life Insurance Co Ltd :

* Says it plans to issue about 100 million new shares of its common stock

* Says new shares with par value of T$10 per share

* 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

* Proceeds will be used to fulfill the working capital

Source text in Chinese: goo.gl/Xxdiq9

Further company coverage: (Beijing Headline News)

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