Taiwan’s Altek plans to place overseas, domestic convertible bonds

By Marisa Wong

Morgantown, W.Va., March 18 – Altek plans to offer overseas or domestic convertible bonds, according to a Taiwan Stock Exchange notice.

The bonds will be sold at a price of at least 80% of par and will have a term of no more than seven years.

Funds will be used to develop products, lower costs and expand markets.

Altek develops, manufactures and sells digital image technology application products. The company is based in Hsinchu, Taiwan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.