March 26, 2018 / 2:27 AM / a month ago

BRIEF-Sun Race Sturmey-Archer to issue 10 mln shares to replenish working capital

March 26(Reuters) - Sun Race Sturmey-Archer Inc

* Says it plans to issue 10 million new shares, with par value of T$10 per share

* 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, and remaining 75 percent to be offered to the existing shareholders

* Proceeds will be used to replenish working capital

Source text in Chinese: goo.gl/yLSocA

Further company coverage: (Beijing Headline News)

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