Altek Corporation (TSEC:3059) announced a private placement of domestic, overseas convertible bonds on March 25, 2021. The securities to be issued will have a face value be at TWD 100,000 or its multiples. The board of directors of the company approved the transaction. The bonds will be issued at no less than 80% of the theoretical price. The bond issuance period will be no more than seven years from the date of issue.