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- 12/29/2020
USI Granted Approval for Public Issuance of Convertible Corporate Bonds By Public Offering Review Committee of CSRC
(2020-12-29, Shanghai) On December 28, 2020, on the 181st Working Conference in 2020, the 18th Session of Public Offering Review Committee of China Securities Regulatory Commission (CSRC) reviewed USI’s application for public issuance of convertible corporate bonds. According to the results, the application for the public issuance was approved. USI’s public issuance of convertible bonds is subject to the written approval of the CSRC.
USI plans to issue convertible corporate bonds with a 6-year maturity to raise an expected amount of RMB 3.45 billion yuan. In line with the company’s business positioning and the development strategy of “modularization, diversification, and globalization”, the capital raising is intended for chip module production in Shengxia factory, electronic product manufacture in Huizhou factory and wearable device manufacture in Vietnam factory, meanwhile used as the company’s supplementary working capital. This move will inject a new momentum into the company's development.
About USI
USI (SSE: 601231, A constituent of CSI300 Index), Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) modules. USI provides D (MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. With Asteelflash, USI has 27 sales, production and service locations across four continents of America, Europe, Asia and Africa, and offers customer diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, medical and automotive electronics worldwide. USI is one of the subsidiaries of ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) which is a world-leading provider of semiconductor manufacturing services in assembly and test in the world. To learn more, please visit www.usiglobal.com and engage with us on LinkedIn and YouTube.
