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Holy Stone's Major Unit OKs Capital Increase of $1.5 Million

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Holy Stone Enterprise's (TPE:3026) major subsidiary, Holy Stone Holdings, approved a cash capital increase of $1.5 million through the issuance of 1.5 million new shares.

The new shares will have a par value and issue price of $1 per share, with existing shareholders subscribing to all of the shares, according to a Tuesday Taiwan Exchange filing.

The proceeds will be used to fund the subsidiary's plant construction.

The record date for the cash capital increase and share subscription is Aug. 17, it added.

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