Hi Sharp Electronics Co., Ltd. announced that it expects to receive TWD 100 million in funding.
November 28, 2013 at 11:00 pm
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Hi Sharp Electronics Co., Ltd. (GTSM:3128) announced a private placement of 1,000 domestic secured convertible bonds at TWD 100,000 per bond for gross proceeds of TWD 100,000,000 on November 29, 2013. The bonds will be issued at its par value and will have a term of three years and a coupon rate of 0%.
On February 21, 2014, the company announced that the bonds to be issued in first tranche are convertible into common shares of the company at TWD 17.10 per share.
Hi Sharp Electronics Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sale of electronic monitoring products. The Company's products consist of video cameras, including color cameras, infrared cameras, network cameras and wireless network cameras; monitors, including touch screen type, widescreen type and digital video recorder (DVR) type liquid crystal display (LCD) monitors; parking systems, including LCD monitors which are used in automobiles, and DVRs and servers, including real-time DVRs, multifunctional DVRs, network DVRs, monitor-type multimedia servers, network image servers, matrix controllers, color digital compressors and color decollators, among others. The Company distributes its products within the domestic market and to overseas markets.
HI SHARP ELECTRONICS CO., LTD. 
