Scientech Corp. Announces Exercise of Redemption Right for 2nd Domestic Unsecured Convertible Bonds (Code: 35832) and Termination of Trading on July 8, 2026
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Scientech Corporation has announced its decision to exercise the redemption right for its 2nd Domestic Unsecured Convertible Bonds (Code: 35832, Abbreviation: Scientech II), in accordance with Article 18 of the bond's issuance and conversion regulations. This decision was made because the closing price of the company's common stock exceeded the conversion price by over 30% for 30 consecutive business days. The redemption period is from June 8, 2026, to July 7, 2026, at a redemption price of 100% of the bond's face value. Bondholders may request to convert their bonds into common stock by July 9, 2026; otherwise, they will be redeemed for cash. Trading of the bonds will terminate on July 8, 2026.
AI Analysis
Frequently Asked Questions
- Q: What is the redemption price for Scientech II bonds?
- A: They will be redeemed in cash at 100% of the bond's face value.
- Q: What should bondholders do?
- A: They can either convert to shares by July 9, 2026, or do nothing and be automatically redeemed for cash.
- Q: Where can I process the redemption?
- A: You need to carry out the bond redemption procedure at your usual securities firm.