L&K Engineering resolves to issue domestic convertible bond

Chicago, Nov. 30 – L&K Engineering Co., Ltd. has board approval to issue its fourth domestic convertible corporate bond, according to a notice.

Specifically, the company is expecting to issue NT$500 million of 0% three-year convertible bonds.

There will be no discount.

Proceeds will be used to increase working capital.

Underwriters have not yet been chosen.

The prospective issuer develops technology for biological and industrial cleanrooms. The company is based in Singapore.

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