Well Glory Development Co., Ltd. (GTSM:5529) announced a private placement of 4,000 first series domestic secured convertible corporate bonds for gross proceeds of TWD 400,000,000 and 1,000 second series unsecured convertible corporate bonds for gross proceeds of TWD 100,000,000, for aggregate gross proceeds of TWD 500,000,000 on August 12, 2014. The bonds will be issued at par value of TWD 100,000 and will mature in three years.

On January 15, 2015, the company announced that the first series domestic secured convertible corporate bonds can be converted into common shares of the company at a fixed conversion price of TWD 15.60 per share.