G-Sheng Announces Exercise of Bond Redemption Rights for its 2nd Unsecured Convertible Bond (Code: 64422) and Termination of OTC Trading on June 12, 2026.
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G-Sheng announced the exercise of redemption rights for its 2nd unsecured convertible bond (G-Sheng II, Code: 64422) and the termination of its over-the-counter trading effective June 12, 2026. The bonds will be redeemed in cash at face value.
AI Analysis
Frequently Asked Questions
- Q: What is G-Sheng's announcement regarding its 2nd Unsecured Convertible Bond?
- A: G-Sheng has announced the exercise of bond redemption rights and the termination of OTC trading on June 12, 2026.
- Q: What is the redemption price and payment method for the bonds?
- A: The redemption price is 100.0000% of the bond's face value, and all bonds will be redeemed in cash.
- Q: Under what condition can the company exercise its bond redemption rights?
- A: The company can exercise rights if its stock's closing price exceeds the conversion price by 30% or more for 30 consecutive trading days.
- Q: What was the mailing date of the registered bond redemption notice?
- A: G-Sheng sent the registered bond redemption notice to the bondholders on May 13, 2026.
- Q: What happens if a bondholder does not respond within the notice period?
- A: The company will redeem all of their convertible bonds in cash at face value within seven business days after the record date.