MiTAC Holdings, a leading multinational technology company listed on the Taiwan Stock Exchange, completed its $330 million offering of currency-linked zero-coupon convertible bonds due 2031.
The bonds are listed and traded on the Singapore Exchange and convertible into common shares of MiTAC listed on the Taiwan Stock Exchange.
MiTAC is a pioneer of Joint Design Manufacturing, Original Design Manufacturing, Original Equipment Manufacturing, and Original Product Manufacturing models in the high-tech sector with global footprints. Since its inception in 1982, MiTAC has evolved from a personal computer brand into a leading multinational technology company offering one-stop solutions across cloud computing, automotive electronics and Artificial Intelligence of Things business sectors.
S&C acted as U.S. counsel to J.P. Morgan and UBS as the initial purchasers of the offering.
The S&C team consisted of Ching-Yang Lin, Stephen Pang and Kimberly Cheah. Vanessa Blackmore, Emily Thomson and trainee solicitor Urvita Roy advised on EU and UK laws.