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5 months ago
BRIEF-United BioPharma to issue new shares for development of new drug
March 9, 2017 / 10:39 AM / 5 months ago

BRIEF-United BioPharma to issue new shares for development of new drug

1 Min Read

March 9 (Reuters) - United BioPharma Inc:

* Says it will issue 10 million new shares of its common stock with par value of T$10 per share and issue price at T$55 to T$75 per share for development of new drug

* Says 10 percent of the new shares to be offered to the company's employees, remaining 90 percent to be offered to the existing shareholders, who are eligible to purchase 56 shares for every 1,000 shares they hold

Source text in Chinese: goo.gl/p2fYXK

Further company coverage: (Beijing Headline News)

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