China Chemical to Apply for Cancellation of Second Domestic Unsecured Convertible Bond Issuance
China Chemical announced it plans to apply to the Financial Supervisory Commission to cancel its second domestic unsecured convertible bond issuance, citing recent market conditions and stock price volatility. The planned issuance was for up to NT$600 million. The company stated the decision is to protect shareholder interests and align with its capital planning, and expects no significant financial impact.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 07:27 (55 min after Collected)
1. Date of occurrence: 2026/05/20
2. Date of original announcement: 2025/12/10
3. Brief description of original announcement: Announcement of the Board of Directors' resolution to issue the company's second domestic unsecured convertible bonds.
4. Reason for change and main content:
(1) The company's filing to issue its second domestic unsecured convertible bonds, with a maximum of 6,000 units, a face value of NT$100,000 each, and a total upper limit of NT$600,000,000, was approved for effectiveness by the FSC letter Jin-Guan-Zheng-Fa-Zi No. 1140369068 on January 14, 2026, and the fundraising period was extended to July 13, 2026, by FSC letter Jin-Guan-Zheng-Fa-Zi No. 1150338556 on March 30, 2026.
(2) Due to recent changes in the market environment and stock price, the company has re-evaluated and adjusted this fundraising plan. To protect shareholder rights and in coordination with capital allocation planning, the company intends to apply to the Financial Supervisory Commission to cancel this second domestic unsecured convertible bond case.
5. Impact of the change on the company's finances and business: No significant impact. The originally intended use of funds was to repay bank loans. This will now be covered by bank loans or internal funds, to be repaid either early or upon maturity of the original loan.
6. Other matters to be specified: None.
2. Date of original announcement: 2025/12/10
3. Brief description of original announcement: Announcement of the Board of Directors' resolution to issue the company's second domestic unsecured convertible bonds.
4. Reason for change and main content:
(1) The company's filing to issue its second domestic unsecured convertible bonds, with a maximum of 6,000 units, a face value of NT$100,000 each, and a total upper limit of NT$600,000,000, was approved for effectiveness by the FSC letter Jin-Guan-Zheng-Fa-Zi No. 1140369068 on January 14, 2026, and the fundraising period was extended to July 13, 2026, by FSC letter Jin-Guan-Zheng-Fa-Zi No. 1150338556 on March 30, 2026.
(2) Due to recent changes in the market environment and stock price, the company has re-evaluated and adjusted this fundraising plan. To protect shareholder rights and in coordination with capital allocation planning, the company intends to apply to the Financial Supervisory Commission to cancel this second domestic unsecured convertible bond case.
5. Impact of the change on the company's finances and business: No significant impact. The originally intended use of funds was to repay bank loans. This will now be covered by bank loans or internal funds, to be repaid either early or upon maturity of the original loan.
6. Other matters to be specified: None.