Auras Technology Co., Ltd. announced that it expects to receive TWD 1 billion in funding
August 06, 2020
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Auras Technology Co., Ltd. (GTSM:3324) announced a private placement of 10,000 unsecured convertible bonds at a price of TWD 100,000 for gross proceeds of TWD 1,000,000,000 on August 7, 2020. The transaction was approved by the board of directors of the company. The bonds will mature in five years. The bonds have coupon rate of 0% and will be issued at par.
On November 4, 2020, the company announced that the bonds are convertible at a fixed conversion price of TWD 235 per share.
AURAS Technology Co., Ltd. is a Taiwan-based company engaged in the manufacture, processing and distribution of computer cooling modules. The Company's cooling modules, which consist of radiator fans, cooling plates and heat pipes, are applied to notebook computers, desktop computers and other information electronic products. The Company distributes its products within the domestic market and to overseas markets, including the rest of Asia, Europe and the Americas.