October 13, 2016 / 9:57 AM / 9 months ago

BRIEF-Tah Tong Textile to issue 25 mln new shares

1 Min Read

Oct 13 (Reuters) - Tah Tong Textile :

* Says it will issue 25 million new shares of its common stock with par value of T$10 per share

* Says 10 percent to 15 percent of the new shares to be offered to the company's employees

* Says the proceeds will be used to repay bank loan and enrich operating funds

Source text in Chinese: goo.gl/vCHxg6

Further company coverage: (Beijing Headline News)

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