July 17, 2017 / 9:00 AM / 4 months ago

BRIEF-Arbor Technology plans new shares issuance for loan repayment

July 17 (Reuters) - Arbor Technology Corp :

* Says it plans to issue about 5 million new shares of its common stock

* Says tentative issue price will be T$22 per share

* 10 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 80 percent of the new shares to be offered to the existing shareholders

* Proceeds will be used to repay loan

Source text in Chinese: goo.gl/iad6y1

Further company coverage: (Beijing Headline News)

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