Arlitech Electronic Corp. (GTSM:6432) announced a private placement of 1,800 first series domestic secured convertible corporate bonds at TWD 100,000 per bond for gross proceeds of TWD 180,000,000 on December 15, 2015. The bonds will be issued at par.

The bonds will not bear any interest and will mature after three years from the date of issue. The bonds can be converted into common shares of the company at a fixed conversion price of TWD 35.9 per conversion share.