Soaring Technology Co. Ltd. announced a financing transaction
May 03, 2016
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Soaring Technology Co. Ltd. (GTSM:6222) announced a private placement of bonds and common shares on May 3, 2016. The company will issue up to 20,000,000 common shares and up to 2,000 convertible corporate bonds at TWD 100,000 per bond for gross proceeds of up to TWD 200,000,000. The bonds will be issued at par.
SOARING TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the electronic components related businesses. The Companyâs primary businesses include the design, manufacture and distribution of liquid crystal displays (LCDs), computers and peripherals equipment and components, electric vehicles and bicycles. The Companyâs principal products include multimedia audio and video systems, LCD monitors, point of sale (POS) devices, open frame LCD monitors, high brightness products and LCD racks, as well as the components of LCDs. The Company mainly distributes its products within domestic market and to overseas markets, including the United States of America (the USA), Europe and other regions.