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BRIEF-1 Production Film plans new issuance for working capital enrichment
May 9, 2017 / 8:48 AM / 4 months ago

BRIEF-1 Production Film plans new issuance for working capital enrichment

May 9 (Reuters) - 1 Production Film Co :

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

* Says new shares with par value of T$10 per share and (tentative) issue price at T$20 per share

* 10 percent of the new shares to be offered to the company’s employees

* Remaining 90 percent to be offered to the existing shareholders

* Proceeds will be used to fulfill the working capital

Source text in Chinese: goo.gl/zlv4HM

Further company coverage: (Beijing Headline News)

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