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FINWIRES

UD Electronic Exercised Right for Redemption of Fourth Domestic Unsecured Convertible Bonds

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UD Electronic (TPE:3689) has exercised its redemption right with respect to the fourth domestic unsecured convertible bonds, according to a Monday filing to the Taiwan stock exchange.

The bonds will cease to be traded on the Taipei Exchange on Oct. 1.

If a bondholder fails to for the conversion of the bonds into common shares by Oct. 2, the company said it will redeem the unconverted 36,894 convertible bonds in cash based on the register of bondholders at the face value of NT$100,000 per bond.

Payment will then be made to each bondholder by remittance or registered check.

What else is happening in Asia?

Asia

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Asia

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SHA:601825