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BRIEF-UPEC Electronics plans new issuance for working capital enrichment
May 18, 2017 / 10:57 AM / 4 months ago

BRIEF-UPEC Electronics plans new issuance for working capital enrichment

May 18 (Reuters) - UPEC Electronics Corp :

* Says it plans to issue about 16 million new shares of its common stock

* Says new shares with par value of T$10 per share and (tentative) issue price will be at T$5~10 per share

* 10 percent of the new shares to be offered to the company’s employees

* Remaining to be offered to the existing shareholders

* Proceeds will be used to fulfill the working capital

Source text in Chinese: goo.gl/bq7bv8

Further company coverage: (Beijing Headline News)

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