Suzhou Recodeal Interconnect System Discloses Put-Back Option for Bondholders Following Change in Use of Proceeds
Suzhou Recodeal Interconnect System (SHA:688800) disclosed a put-back option for its bondholders after the company obtained approvals to change the use of proceeds of the notes, according to a Friday filing with the Shanghai bourse.Bondholders will have the chance to exercise the put option between Sept. 18 and 24 at 100.17 yuan apiece, the filing said.Payment for the repurchased bonds is set for Sept. 30.