Altek eyes placement of overseas, domestic convertible bonds

By Marisa Wong

Morgantown, W.Va., April 23 – Altek plans to offer overseas or domestic bonds convertible into up to 60 million common shares, 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 from the private placement will be used to invest in digital imaging related equipment and technology, expand markets, enrich working capital and repay borrowings.

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.