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Kinik to Redeem Convertible Bonds Early

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Kinik (TPE:1560) will redeem its first domestic unsecured convertible bonds early, with the redemption period running from Aug. 4 to Sept. 2, according to a Wednesday Taiwan Exchange filing.

The company exercised its call option after its share price met the conditions under the bond terms, allowing redemption at 100% of par value.

Over-the-counter trading of the bonds will end on Sept. 3. Bondholders must apply to convert their bonds into shares by Sept. 4 or any outstanding bonds will be redeemed in cash at par value.

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