Taiwan Wax Company, Ltd. (GTSM:1742) announced a private placement of 3,000 first series domestic secured convertible corporate bonds at a price of TWD 100,000 per bond for gross proceeds of TWD 300,000,000 on December 11, 2014. The bonds will mature after three years from the date of issue and carry a zero coupon rate. Hua Nan Securities will act as the underwriter to the transaction.