EFUN Technology Co. Ltd. (GTSM:3523) announced a private placement of 10,000 second series domestic secured convertible corporate bonds at TWD 100,000 per bond for gross proceeds of TWD 1,000,000,000 on November 12, 2014. The company will issue bonds at its par value. The bonds will have no interest. The bonds will have maturity period of three years. The underwriter for this transaction has not been decided yet.

On December 30, 2014, the company amended the terms of the transaction. The company will issue 5,000 second series domestic secured convertible corporate bonds at TWD 100,000 per bond for gross proceeds of TWD 500,000,000.