Announcement for the Company's Board of Directors'
issue the first domestic Secured Convertible bond (CB).
Date of events
2022/02/24
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/02/24
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]:Issue the first domestic Secured
Convertible bonds (CB) of Cathay Consolidated, Inc.
3.Whether to adopt shelf registration (Yes/No):Yes.
4.Total amount issued:NT$200,000,000.
5.Face value per bond:NT$100,000.
6.Issue price:This issuance of domestic secured convertible
corporate bonds will be publicly underwritten by bidding
auctions or inquiries, and in accordance with Article 8 of
the Securities and Exchange Act, no physical bonds will be
printed, and listing on the Taiwan Stock Exchange.
7.Issuance period:3 years.
8.Coupon rate:0%.
9.Types, names, monetary values and stipulations of collaterals:
bank guarantee.
10.Use of the funds raised by the offering and utilization plan:
enrich the working capital
11.Underwriting method:
This issuance of domestic secured convertible corporate bonds
will be publicly underwritten by bidding auctions or inquiries,
and in accordance with Article 8 of the Securities and Exchange
Act, no physical bonds will be printed, and listing on the
Taiwan Stock Exchange.
12.Trustees of the corporate bonds:
Authorize the chairman of the company to sign.
13.Underwriter or agent:
Authorize the chairman of the company to sign.
14.Guarantor(s) for the issuance:
Authorize the chairman of the company to sign.
15.Agent for payment of the principal and interest:None.
16.Certifying institution:Intangible bond issuance.
17.Where convertible into shares, the rules for conversion:
The relevant laws.
18.Sell-back conditions:The relevant laws.
19.Buyback conditions:The relevant laws.
20.Reference date for any additional share exchange, stock swap, or
subscription:The relevant laws.
21.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription:The relevant laws.
22.Any other matters that need to be specified:
(1)The source of CB, planned projects, estimated progress of capital
utilization, estimated potential benefits, and tentative issuance and
conversion methods for this issuance of domestic guaranteed convertible
corporate bonds are detailed in Annex 8. The actual issuance and
conversion methods will be submitted to the competent authority. After
approval, it is proposed to authorize the chairman of the company to
negotiate with the underwriters according to the prevailing market
@conditions.
(2)This issuance of domestic secured convertible corporate bonds will
be publicly underwritten by bidding auctions or inquiries, and in
accordance with Article 8 of the Securities and Exchange Act, no
physical bonds will be printed, and listing on the Taiwan Stock
Exchange.
(3)For the issuance of domestic secured convertible corporate bonds,
it is intended to authorize the chairman of the company to sign all
contractual documents on the issuance of the first domestic secured
convertible corporate bonds on behalf of the company, and to handle
relevant issuance matters.
(4)Due to the rapid changes in the financing environment of the capital
market in order to grasp the timeliness of the issuance conditions and
the actual issuance operations, the important contents of the guaranteed
convertible corporate bonds this time include the issuance denomination,
the amount raised, the issuance and conversion conditions and the
issuance price.
Determined, as well as the total amount of funds required for this plan,
source of funds, planned projects, estimated progress of fund utilization,
estimated potential benefits and other related matters, authorize the
chairman of the company to handle it with full authority.
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Cathay Consolidated Inc. published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 07:51:03 UTC.
CATHAY CONSOLIDATED INC. is engaged in the development and production of environmentally friendly materials TPU functional fabrics and finished products. The Company is mainly engaged in the leather fabric business and the finished component business. The leather fabric business is mainly engaged in the production of high-tech polyurethane including functional leather fabrics and film defects according to the physical properties and chemical properties of TPU. Its products can also be applied to the four products: outdoor, medical, life-saving and industrial. The products include sleeping bags, medical grade inflatable beds, aviation escape slides, automotive airbags, among others. The finished component business is engaged in the production of inflatable products for various industries, and provision of full services and solutions for customers in the hospitality, outdoor and other finished components. The Company distributes its products in Taiwan, the Americas and Asia.