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BRIEF-Topco Scientific to issue 15.8 mln new shares to raise T$1.11 bln in total
September 14, 2017 / 8:01 AM / 8 days ago

BRIEF-Topco Scientific to issue 15.8 mln new shares to raise T$1.11 bln in total

Sept 14 (Reuters) - Topco Scientific Co Ltd :

* Says it plans to issue 15.8 million new shares of the company, at tentative issue price of T$70/share, to raise T$1.11 billion in total

* Says 10 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 80 percent will be offered to the existing shareholders

* Proceeds will be used for bank loan repayment and working capital supplement

Source text in Chinese: goo.gl/Z49bFi

Further company coverage: (Beijing Headline News)

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