Allis Electric to Redeem Domestic Convertible Bonds Early

MT Newswires Live

2025/02/17

Allis Electric (TPE:1514) will early redeem its first domestic secured convertible bond, with trading on the OTC market ending on April 8.

The redemption period runs from March 7 to April 7, at 100% of par value, according to a Friday Taiwan Exchange filing.

Bondholders must convert their bonds into stocks by April 9, or the heavy electrical equipment manufacturer will redeem them at NT$100,000 per bond, it said.

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