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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.