According to Taiwan Stock Exchange Announcement, Zhongtai Resources Technology Corp. on November 12 approved the issuance of its first unsecured convertible bond for a total face value of NT$800 million (New Taiwan Dollar). The bond will have a 3-year maturity with 0% coupon rate and a face value of NT$100,000 per unit. The company plans to use the proceeds to repay bank loans. The bonds will be offered through public auction with Yuanta Securities as the lead underwriter.

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