Taiwan’s Sunonwealth to redeem convertibles Dec. 21

By William Gullotti

Buffalo, N.Y., Oct. 12 – Sunonwealth Electric Machine Industry Co., Ltd. will redeem all of its outstanding third domestic unsecured convertible bond on Dec. 21, according to a notice on Thursday.

The notice included a risk warning for the par cash redemption price, indicating that bondholders must apply for conversion by the Dec. 25 deadline.

OTC trading will be terminated effective Dec. 22.

Grand Fortune Securities Co., Ltd. is the stock affairs agency.

Sunonwealth is a Kaohsiung, Taiwan, maker of fans and electric motors.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.