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BRIEF-Ability Opto-Electronics Technology to issue 10 mln new shares for T$600 mln
September 8, 2017 / 6:08 AM / 2 months ago

BRIEF-Ability Opto-Electronics Technology to issue 10 mln new shares for T$600 mln

Sept 8 (Reuters) - Ability Opto-Electronics Technology Co Ltd :

* Says it plans to issue 10 million new shares of its common stock to raise T$600 million, for loan repayment and working capital supplement

* Says new shares with par value of T$10 per share and tentative issue price at T$60 per share

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

* 10 percent of the new shares will be offered through public offering

* Remaining 75 percent will be offered to the existing shareholders

Source text in Chinese: goo.gl/Kkiw4V

Further company coverage: (Beijing Headline News)

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