Chialin Precision Industrial Co., Ltd (GTSM:3310) announced a private placement of 5,000 first series domestic secured convertible corporate bonds at TWD 100,000 per bond for gross proceeds of TWD 500,000,000 on May 12, 2014. Each bond to be issued will have a par value of TWD 100,000. The interest on bonds is 0% and will mature in four years.

Land Bank of Taiwan will serve as underwriter to the company.