Techcential plans to sell second issue of convertible bonds in China

Chicago, March 22 – Techcential International Ltd. is planning a local issue of convertible bonds in China, according to a notice.

The board of directors have resolved to issue approximately NT$140 million of 0.5% convertibles expected to price between 100 and 102.

Proceeds will be used to repay the principal from the first issue of corporate bonds and acquire industrial land.

Techcential is a Malaysia-based manufacturer of wood products.

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