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Hyield Venture Capital subscribe convertible bonds

21st Sep 2012 13:46

RNS Number : 8769M
Hon Hai Precision Industry Co Ld
21 September 2012
 

Subject:The Company's subsidiary, Hyield Venture Capital passed a board resolution

to subscribe convertible bonds offered by Microelectronics Technology.

Contents:

1.Date of occurrence of the event:2012/09/21

2.Cause of occurrence:

The Company's subsidiary, Hyield Venture Capital Co., Ltd. ("Hyield VC"),

and CyberTAN Technology, Inc. ("CyberTAN") agree to subscribe total NT$1.8

billion convertible bonds, offered by Microelectronics Technology Inc.

("MTI") through its private placement. Hyield VC will subscribe NT$200

million and CyberTAN will subscribe NT$1.6 billion, respectively. The

convertible bonds will be automatically converted into common shares upon

the maturity. The conversion price is NT$9 per share. Hyield VC will hold

around 3.62% of MTI's total shares upon all its holdings are converted into

common shares.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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