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Ventec International to Redeem Convertible Bonds Early

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Ventec International (TPE:6672) said it will exercise its early redemption right for its second unsecured convertible bonds, with the redemption period running from Aug. 3 to Sept. 1.

The trading of the bonds on the Taipei Exchange's over-the-counter market will terminate on Sept. 2, according to a Thursday Taiwan Exchange filing.

Bondholders have until Sept. 3 to apply for conversion into shares.

Ventec International said any bonds not converted by the deadline will be redeemed at 100% of their face value in cash.

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