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QST International to Issue 10 Million Shares for Financial Adjustment
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2013-10-02
Benefited by the recovering automobile market around the world and the successful entry to the supply chain of global car manufacturing plants, QST International Corp. shows a positive feedback to its operation next year. The current financial status of QST is quite stable. However, considering the future growth of sales, the company thinks that it has to be well prepared and adjusts the financial structure of the company, in order to increase its ability to face the upcoming market demand. Accordingly, a resolution has been made in the company for the addition of 10 million shares in the market.
QST plans to issue10 million shares this time, at the cost of NTD 3.2 per share. It is expected to raise NTD 0.32 billion capitals. The application for additional shares issuance is going to be submitted before the end of October. If the application is normally processed as usual, the shares issuance may be completed by the end of this year or in the beginning of next year.
