Point Announces Board Resolution to Conduct Private Placement of Domestic Unsecured Convertible Corporate Bonds
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Point's board of directors has resolved to conduct a private placement of domestic unsecured convertible corporate bonds with a total issuance amount of up to NT$600 million. The bonds will have a 5-year term and a 0% interest rate. The funds will be used for acquiring a new factory, easing working capital pressure, and improving the financial structure, targeting strategic investors.