February 27, 2018 / 7:56 AM / 3 months ago

BRIEF-Torex Semiconductor to issue new shares and announces private placement of treasury stock

Feb 27(Reuters) - Torex Semiconductor Ltd

* Says it will issue 1.6 million new shares through public offering

* Says it will distribute 262,500 shares of its treasury common stock through private placement to Nomura Securities Co., Ltd., with subscription date on March 28 and payment date on March 29

* Proceeds to be used to invest in unit, to buy equipment and software and to repay loan

Source text in Japanese:goo.gl/LESfUJ

Further company coverage: (Beijing Headline News)

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