June 13, 2017 / 11:30 AM / in a month

BRIEF-Vectorite Biomedica plans new issuance for working capital supplement

1 Min Read

June 13 (Reuters) - Vectorite Biomedica Inc :

* Says it plans to issue about 2.5 million new shares of its common stock

* Says tentative issue price will be at T$18.5 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: hsvp.com/4369

Further company coverage: (Beijing Headline News)

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