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BRIEF-Action Electronics unit BestTaiwan to issue 10 mln new shares
September 11, 2017 / 5:58 AM / 10 days ago

BRIEF-Action Electronics unit BestTaiwan to issue 10 mln new shares

Sept 11 (Reuters) - Action Electronics Co Ltd :

* Says its unit BestTaiwan, a household electric appliances e-commerce company, plans to issue 10 million new shares to improve financial structure

* New shares with par value of T$10 per share and issue price at T$10 per share

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

* 9 million new shares will be offered through public offering

* Existing shareholders are eligible to purchase 9,000 shares for every 1,000 shares they hold

Source text in Chinese: goo.gl/D7HkXN

Further company coverage: (Beijing Headline News)

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