Glotech Industrial Corp. (GTSM:5475) announced a private placement of 2,200 eighth series domestic secured convertible corporate bonds at TWD 100,000 per bond for gross proceeds of TWD 220,000,000 on November 13, 2014. The bonds will be issued at par.

The zero coupon bonds are convertible at TWD 83.15 per share. Cathay Securities Corporation will act as underwriter to the company.