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Taishin Securities to raise NT$800M in share issue

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Taishin Securities to raise NT$800M in share issue

Taiwan's Taishin Securities Co. Ltd. plans to raise NT$800 million through the issuance of shares to its parent Taishin Financial Holding Co. Ltd.

The company will issue 64 million shares at an issue price of NT$12.5 apiece, according to a Jan. 16 filing. It plans to utilize net proceeds from the share issuance to strengthen its operating capital and future business expansion.

As of Jan. 16, US$1 was equivalent to NT$30.83.