Changs Ascending Enterprise Co., Ltd. announced that it expects to receive TWD 300 million in funding
August 07, 2016
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Changs Ascending Enterprise Co., Ltd. (GTSM:8038) announced a private placement of 3,000 2nd series domestic secured convertible corporate bonds at TWD 100,000 per bond for gross proceeds of up to TWD 300,000,000 on August 8, 2016. The securities will be issued at par. The bonds carry zero coupon rate and maturity period of three years.
CHANGS ASCENDING ENTERPRISE CO., LTD. is a Taiwan-based company engaged in the manufacture and distribution of lithium batteries and the related materials. The Company primarily offers lithium iron phosphate oxide cathode materials, uninterruptible power supply (UPS) devices, as well as lithium-iron assembled batteries, among others. In addition, the Company is involved in the provision of battery related technical services, sale of chargers and raw materials, as well as leasing. Its products are applied in the robots, golf cars, solar light emitting diode (LED), power tools, lawn mowers, lighting systems, home appliances and others. The Company distributes its products within the domestic market and to overseas markets, including the rest of Asia.
CHANGS ASCENDING ENTERPRISE CO., LTD. 
