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Sinopac Financial Holdings Co Ltd to issue new shares


Friday, 25 Jul 2014 04:29am EDT 

Sinopac Financial Holdings Co Ltd:To issue 600 million new shares of its common stock.New shares with par value of T$10 per share and tentative issue price at T$10.50 per share.10 pct of the new shares to be offered to the company's employees.10 pct of the new shares to be offered through public offering.Remaining 80 pct to be offered to the existing shareholders, who are eligible to purchase 58.48141402 shares for every 1,000 shares they hold.Proceeds to be used for improving capital adequacy ratio, investment in subsidiary and enriching operating funds. 

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