Taiwan-based capacitive touch panel maker J Touch will raise an estimated NT$2 billion (US$67.38 million) through issuing eight million new shares and 5-year zero-interest unsecured convertible bonds worth NT$1.2 billion, with the funds to be mainly for setting up a subsidiary in Hunan Province, central China to produce touch panels for smartphones and tablet PCs, according to the company.

The eight million new shares will be available for subscription at NT$100 per share, with 15% reserved for employees, 75% for existing shareholders and the remaining 10% for open sale, J Touch indicated.