Bin Chuan Enterprise Co. Ltd. (GTSM:1569) announced a private placement of 2,000 fifth series domestic unsecured convertible corporate bonds at TWD 100,000 for gross proceeds of TWD 200,000,000 on November 12, 2014. The bonds are being issued at par. The bonds do not bear interest and will mature after three years from issuance. Taishin Securities Co., Ltd will act as underwriter to the company.

On April 15, 2015, the company announced that it has revised the conversion price of bonds to TWD 22.1 from TWD 22.6. The revised conversion price will be effective April 28, 2015.

On April 28, 2015, the company announced that it has revised the conversion price of bonds to TWD 22.4 from TWD 22.6.