China Chemical to Apply for Cancellation of Second Domestic Unsecured Convertible Bond Issuance
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AI Summary (NQ-processed)
China Chemical announced it plans to apply to the Financial Supervisory Commission to cancel its second domestic unsecured convertible bond issuance, citing recent market conditions and stock price volatility. The planned issuance was for up to NT$600 million. The company stated the decision is to protect shareholder interests and align with its capital planning, and expects no significant financial impact.