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BRIEF-Winbond Electronics plans new issuance for production expansion
September 7, 2017 / 6:26 AM / 19 days ago

BRIEF-Winbond Electronics plans new issuance for production expansion

Sept 7 (Reuters) - Winbond Electronics Corp :

* Says it plans to issue about 400 million new shares of its common stock

* Says issue price will be decided later

* 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 expand production

Source text in Chinese: goo.gl/T9VHsd

Further company coverage: (Beijing Headline News)

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