Altek Corporation announced a private placement of domestic or overseas convertible bonds on March 10, 2023. The securities to be issued will have a face value be at TWD 100,000 or its multiples. The company will give priority to the individual or institutional investors in 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. The board of directors of the company approved the transaction.

The bonds amount limit will be no more than 60,000,000 shares in aggregate. All the securities issued in the transaction will subject to no-trading period of three years.