October 13, 2016 / 10:06 AM / a year ago

BRIEF-Tai-Saw Technology to issue 9 mln new shares

Oct 13 (Reuters) - Tai-Saw Technology :

* Says it will issue 9 million new shares of its common stock with par value of T$10 per share

* Says 12.35 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 77.65 percent to be offered to the existing shareholders

* Says the proceeds will be used to repay loans

Source text in Chinese: goo.gl/B3NISd

Further company coverage: (Beijing Headline News)

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