Rossmax to sell NT$110 million 0% three-year convertible bonds

By Marisa Wong

Los Angeles, Aug. 28 – Rossmax International Ltd. plans to issue NT$110 million of 0% three-year convertible bonds at 101, according to a notice.

KGI Securities Co., Ltd. is the underwriter for the public offering.

Proceeds will be used to repay bank loans and to invest in subsidiary We Can Medicines Co., Ltd.

Rossmax manufactures and markets blood pressure monitors. The company is based in Taipei, Taiwan.

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