December 18, 2017 / 2:02 AM / a year ago

BRIEF-Mosel Vitelic to issue 38 million shares at T$13.68 per share via private placement

Dec 18(Reuters) - Mosel Vitelic Inc

* Says co plans to issue 38 million shares via private placement at T$13.68 per share, with record date on Dec. 22 and payment period from Dec. 15 to Dec. 22

* Actron Technology Corp will acquire 19 million shares issued by the co in this private placement, at the price of T$259.9 million in total

* Pan Jit International Inc’s unit Pynmax Technology will acquire 19 million shares issued by the co in this private placement, at the price of T$259.9 million in total

* Proceeds will be used for capacity expansion and working capital supplement

Source text in Chinese: goo.gl/3pACWU; goo.gl/6R4PFd; goo.gl/FFVP33

Further company coverage: (Beijing Headline News)

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