Qisda board approves proposed overseas, domestic convertible bonds

By Marisa Wong

Morgantown, W.Va., March 9 – Qisda Corp. plans to issue overseas or domestic convertible bonds. The company’s board of directors approved the issuance of bonds convertible into up to 200 million common shares, according to a Taiwan Stock Exchange notice.

The issue price will be at least 80.

Proceeds will be used to enrich working capital, strengthen the company’s financial structure, purchase materials overseas and support long-term development funding.

Qisda manufactures and markets computer peripheral, communication and consumer electronic products. The Taipei, Taiwan, company also provides consulting and technical services.

© 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.