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BRIEF-Promaster Technology plans new issuance for working capital supplement
August 11, 2017 / 4:11 AM / 3 months ago

BRIEF-Promaster Technology plans new issuance for working capital supplement

Aug 11 (Reuters) - Promaster Technology Corp :

* Says it plans to issue about 2.5 million new shares of its common stock

* Says tentative issue price will be at T$7.5~10 per share

* 15 percent new shares to be offered to the company’s employees and remaining shares will be offered to the existing shareholders

* Proceeds will be used to fulfill the working capital

Source text in Chinese: goo.gl/qH4gK2

Further company coverage: (Beijing Headline News)

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