Reuters logo
7 days ago
BRIEF-TAISUN ENTERPRISE plans new shares issuance for loan repayment
August 10, 2017 / 10:20 AM / 7 days ago

BRIEF-TAISUN ENTERPRISE plans new shares issuance for loan repayment

Aug 10 (Reuters) - TAISUN ENTERPRISE Co Ltd :

* Says it plans to issue up to 146.7 million new shares of its common stock

* Says issue price will be determined later

* 15 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 75 percent of the new shares to be offered to the existing shareholders

* Proceeds will be used to repay loan and invest in units

Source text in Chinese: goo.gl/2TdEHb

Further company coverage: (Beijing Headline News)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below