Asia
CHC Healthcare Proposes Private Placement of Up to 20 Million Shares
CHC Healthcare's (TPE:4164) board has proposed a private placement of up to 20 million new shares to strategic investors.Proceeds will be used to boost working capital, and support future growth, according to a Wednesday Taiwan Exchange filing.The issue price will be set at no less than 80% of a reference price based on recent market averages, subject to shareholder approval.The company may carry out the placement in up to three tranches within one year after approval, it added.
TPE:4164
