TPK raises $436 million from CB, GDR

The Taiwanese touch-screen maker prices its five-year zero-coupon, zero-yield deal with a 15% conversion premium, while the GDR prices with a 3.9% discount.
<div style="text-align: left;">
A supplier to Apple, TPK focuses exclusively on touch screens
</div>
<div style="text-align: left;"> A supplier to Apple, TPK focuses exclusively on touch screens </div>

TPK Holding has raised $200 million from the sale of a five-year zero-coupon, zero-yield convertible bond, and raised $236.2 million from a concurrent offering of global depositary receipts GDRs.

With manufacturing facilities based in Xiamen in Fujian province, TPK focuses exclusively on making touch screens for computers and handheld devices, and is a supplier to Apple. The company was listed in Taiwan in 2010.

The GDR offering will help to raise funds for subsidiaries to expand plants and acquire machinery and equipment, the company said in a statement yesterday. It plans to use the proceeds from the CB for the procurement of raw materials overseas....

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222