Reuters logo
BRIEF-WT Microelectronics plans new shares issuance for loan repayment
September 29, 2017 / 8:04 AM / in 20 days

BRIEF-WT Microelectronics plans new shares issuance for loan repayment

Sept 29 (Reuters) - WT Microelectronics Co Ltd :

* Says it plans to issue up to 75 million new shares of its common stock, with issue price to be determined

* 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 percent of the new shares to be offered to the existing shareholders

* Proceeds will be used to repay bank loan

Source text in Chinese: goo.gl/RFY77N

Further company coverage: (Beijing Headline News)

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