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BRIEF-MD Biomedical plans new issuance for working capital supplement
July 21, 2017 / 9:41 AM / 4 months ago

BRIEF-MD Biomedical plans new issuance for working capital supplement

July 21 (Reuters) - MD Biomedical Inc :

* Says it plans to issue about 1.5 million new shares of its common stock

* Says tentative issue price will be at T$85 per share

* 150,000 new shares to be offered to the company’s employees and remaining shares will be offered to the existing shareholders

* Proceeds will be used to fulfill the working capital

Source text in Chinese: goo.gl/MedWzZ

Further company coverage: (Beijing Headline News)

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