Unigroup Guoxin Microelectronics (SHE:002049) saw the voluntary put option for its convertible bonds triggered after its share price remained below 70% of the conversion price for 30 consecutive trading days, according to a Thursday filing with the Shenzhen Stock Exchange.
Bondholders will have the option to sell back their non-converted bonds to the company at 100.658 yuan apiece, inclusive of interest.
The declaration period for the put option runs from Oct. 8 to Oct. 14, with payments scheduled to reach investors on Oct. 21.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments