Strong H Machinery Technology (Cayman) Incorporation (TSEC:4560) announced a private placement of unsecured convertible bonds for gross proceeds of up to TWD 300,000,000 on November 8, 2017. The company is issuing first tranche of the transaction. The bonds are issued at par with value of TWD 100,000 per bond. The bonds have term of three years and do not have any coupon rate.