Chip Hope Co. Ltd. announced that it expects to receive TWD 250 million in funding.
January 18, 2015
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Chip Hope Co. Ltd. (GTSM:8084) announced a private placement of 2,500 first series domestic secured convertible corporate bonds at a price of TWD 100,000 per bond for gross proceeds of TWD 250,000,000 on January 19, 2015. The bonds will be issued at par and will mature after three years from the date of issue. The bonds can be converted into common shares of the company at a conversion price of TWD 18.50 per share.
On February 5, 2015, the company announced that the bonds will be convertible into common shares at TWD 18.16 per share.
CHIP HOPE CO., LTD. is a Taiwan-based company principally engaged in the manufacturer and sales of memory products and integrated circuit (IC) application products. The Company's memory products include various flash memory cards, which are applied in cell phones, computers, digital cameras, as well as other information and electronic products. The Companyâs IC application products consist of personal computer ICs (including universal serial bus (USB) keyboard ICs, USB optical mouse ICs, USB wireless keyboard and mouse ICs) and communication ICs, which are applied in caller identification, wireless telephone chipsets and telephone answering machines. It is also involved in the development of smart phones, as well as the value-added design and sales of related software. The Company distributes its products mainly in Asia market.
CHIP HOPE CO., LTD 
