Sercomm plans to place up to NT$3 billion domestic convertible bonds

By Marisa Wong

Morgantown, W.Va., April 23 – Sercomm Corp. plans to issue up to NT$3 billion of domestic convertible bonds through a private placement, according to a Taiwan Stock Exchange notice.

Proceeds will be used to enrich working capital, to repay bank loans, to purchase materials or to support the company’s long-term development funding needs.

The Taipei, Taiwan-based company makes broadband equipment.

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