Song Shang Electronics Co., Ltd. announced that it expects to receive TWD 250 million in funding
December 14, 2016
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Song Shang Electronics Co., Ltd. (GTSM:6156) announced a private placement of 1,500 2nd series domestic secured convertible corporate bonds at a price of TWD 100,000 per bond for gross proceeds of TWD 150,000,000, and 1,000 3rd series domestic unsecured convertible corporate bonds at a price of 100,000 per bond for gross proceeds of TWD 100,000,000, for aggregate gross proceeds of TWD 250,000,000 on December 15, 2016. The bonds have a maturity period of three years. The bonds will not bear any coupon rate.
Song Shang Electronics Co Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of printed circuit boards (PCBs). The main products include printed circuit boards and magnetic components. printed circuit board products include multi-layer printed circuit boards and single-sided and double-sided printed circuit boards, which are mainly used in consumer products, industrial control products, automotive peripheral products, and communication products. The magnetic components mainly include transformers and coils, which are mainly used in consumer products, communication products, information products, home appliances, and electric motor products. The Company distributes its products in Taiwan, China, Germany, Mexico, and other markets.
SONG SHANG ELECTRONICS CO.,LTD. 
