Reuters logo
BRIEF-Papago plans new issuance of up to 13 mln shares
May 10, 2017 / 9:33 AM / 6 months ago

BRIEF-Papago plans new issuance of up to 13 mln shares

May 10 (Reuters) - Papago Inc :

* Says it plans to issue up to 13 million new shares of its common stock

* Says new shares with par value of T$10 per share and (tentative) issue price at T$12~16 per share

* 10~15 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 75~80 percent to be offered to the existing shareholders

* Proceeds will be used to repay loan and enrich working capital

Source text in Chinese: goo.gl/JvGnJX

Further company coverage: (Beijing Headline News)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below