[China Chemical] Announcement on Applying to Cancel the Issuance of Second Domestic Unsecured Convertible Bonds
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2/100
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4
AI Summary (NQ-processed)
China Chemical & Pharmaceutical Co., Ltd. (China Chemical) announced its intent to apply to the Financial Supervisory Commission to cancel its plan to issue second domestic unsecured convertible bonds. This decision, attributed to recent market conditions and stock price fluctuations, is aimed at protecting shareholder interests and aligning with its capital planning. The bond issue was capped at NT$600 million, and the company states the cancellation will have no significant impact on its finances or operations.