Candmark Electroptics Co., Ltd. announced that it expects to receive TWD 300 million in funding.
Candmark Electroptics Co., Ltd. (TSEC:5259) announced a private placement of 300 first series domestic secured corporate bonds at a price of TWD 100,000 per bond for gross proceeds of TWD 300,000,000 on February 25, 2015. The bonds are being issued at par value. The bonds will have a maturity of three years. The bonds will not bear any interest.
On June 8, 2015, the company announced that the bonds will be convertible at a fixed conversion price of TWD 20.69 per share.