Chipmos Technologies, Bermuda, Ltd. (IMOS) announced that in a private placement it has entered into Convertible Bond Purchase Agreements with seven investors for the purchase of 8% Convertible Senior Bonds to be issued by the company. The company expects to raise US$9.62 million in aggregate. Chipmos expects to use the net proceeds for general corporate purposes.
The Bonds are convertible into common shares, par value US$0.01, of the company at a conversion price of US$1.25 per share.
The company noted that the purchasers include the Chairman and Chief Executive Officer, Shih-Jye Cheng, who will purchase Bonds in the aggregate principal amount of $US1 million on the same terms and conditions as the other purchasers.
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