Chenbro Micom to Redeem Convertible Bonds Early; Shares Drop 3%

MT Newswires Live
07-28

Chenbro Micom (TPE:8210) announced the early redemption of its first unsecured convertible bonds on Sept. 9, according to a Friday Taiwan Exchange filing.

Shares slid over 3% recently on Monday.

The company will redeem the bonds at 100% of par value.

OTC trading of the bond will terminate on Sept. 10, and bondholders must submit conversion requests by Sept. 11, it said.

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