Solteam Electronics Co., Ltd. cancelled the transaction announced on September 3, 2014
February 04, 2015
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Solteam Electronics Co., Ltd. (GTSM:3484) announced a private placement of first series domestic unsecured convertible corporate bonds for gross proceeds of TWD 201,000,000 in a round of funding on September 3, 2014. The bonds have a par value of TWD 100,000 and will be issued at an issue price between 100% and 105% of the par value. The bonds will mature after three years from closing and bear zero interest. KGI Securities will act as the underwriter to the company.
On February 5, 2015, Solteam Electronics Co., Ltd. cancelled the transaction.
Solteam Inc is a Taiwan-based company mainly engaged in the development, manufacture and sale of electronic control devices and frequency conversion controllers. The Company's main products are electronic control devices and frequency conversion controllers. Electronic control devices are mainly used in televisions, tablet computers, notebook computers, mobile phones and digital cameras, game consoles, white goods, electric hand tool products, automobiles and other industrial products. Frequency conversion controllers are mainly used in white goods, electric hand tools, high-voltage connector products which applied to steam locomotives and energy storage industries and other industrial applications. The company distributes its products in domestic and overseas markets.
SOLTEAM INCORPORATION 
