Sun Max Tech's (TPE:6591) board approved the issuance of domestic unsecured convertible bonds with a face value of up to NT$251.3 million, according to a Friday Taiwan Exchange filing.
Each bond is priced at NT$100,000, has a three-year term, and will carry a 0% coupon rate.
Proceeds will support investment needs for the company's unit in Thailand, the cooling fan manufacturer added.