March 28, 2017 / 3:16 AM / in 5 months

BRIEF-Western Securities offers rights issue plan

March 28 (Reuters) - Western Securities Co., Ltd.:

* Says to issue 726.8 million shares of common stock, at the price of 6.87 yuan per share to its existing shareholders

* Says shareholders are eligible to purchase up to 2.6 new shares for every 10 shares they hold

* Says the company aims to raise up to 5 billion yuan through the rights issue

Source text in Chinese:goo.gl/1ywi12

Further company coverage: (Beijing Headline News)

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