G-Sheng Announces Exercise of Bond Redemption Rights for its 2nd Unsecured Convertible Bond (Code: 64422) and Termination of OTC Trading on June 12, 2026.
G-Sheng announced the exercise of redemption rights for its 2nd unsecured convertible bond (G-Sheng II, Code: 64422) and the termination of its over-the-counter trading effective June 12, 2026. The bonds will be redeemed in cash at face value.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 09:00
- 🔍 Collected: April 16, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 01:07 (65h 7m after Collected)
Content: In accordance with Article 18 of the "Issuance and Conversion Rules for the 2nd Domestic Unsecured Convertible Bonds," the company has exercised its bond redemption rights from May 13, 2026, to June 11, 2026. The redemption price is 100.0000% of the bond's face value, and all bonds will be redeemed in cash.
I. According to Article 18, Paragraph 1 of the "Issuance and Conversion Rules for the 2nd Domestic Unsecured Convertible Bonds," if the closing price of the company's common stock continuously exceeds the then-current conversion price by 30% (inclusive) for 30 consecutive trading days, the company may, within the subsequent 30 trading days, send a "Bond Redemption Notice" with a 30-day expiration period by registered mail to the bondholders (as listed in the bondholder register five business days prior to the mailing date; for holders who acquired the convertible bonds thereafter due to sale or other reasons, notification will be made by public announcement). The redemption price shall be the face value of the bond, and all bonds will be redeemed in cash and reported to the GreTai Securities Market for announcement.
II. According to Article 18, Paragraph 3 of the "Issuance and Conversion Rules for the 2nd Domestic Unsecured Convertible Bonds," if bondholders do not provide a written response to the company's stock agency within the "Bond Redemption Notice" period (effective upon receipt, with postal date serving as proof for mailed responses), the company will redeem all convertible bonds held by such bondholders in cash at face value within seven business days after the bond redemption record date.
III. Details regarding the exercise of redemption rights and termination of over-the-counter trading for the company's 2nd Domestic Unsecured Convertible Bonds are as follows:
(1) Date of sending registered bond redemption notice: May 13, 2026.
(2) Period for notification and acceptance of convertible bond redemption: May 13, 2026, to June 11, 2026.
(3) Convertible bond redemption record date: June 11, 2026.
(4) Date of termination of convertible bond over-the-counter trading: June 12, 2026.
(5) Bond redemption price and payment date: Redeemed in cash at face value, with payments uniformly made via remittance or mailed check on June 23, 2026. Any remittance or postage fees will be deducted from the redemption amount.
IV. Bond redemption procedures and required documents:
(1) Convertible bond book-entry transfer, conversion/redemption/put application form (application forms can be obtained from any securities broker, specifying 'Redemption,' and filling in the bondholder's bank account details and stamp).
(2) Securities passbook. Bond redemption procedures must be handled through the securities broker, who will submit the application to the Taiwan Depository & Clearing Corporation (TDCC). Upon TDCC's acceptance, the application will be forwarded to the company's stock agency, and it will be effective upon receipt and cannot be withdrawn.
(3) Bondholders may complete redemption procedures with their respective securities brokers from the business day prior to the start of the redemption notification period (May 12, 2026) until the business day prior to the expiration date (June 10, 2026).
V. Company's stock agency: Taishin Securities Co., Ltd. Shareholder Services Department (Address: B1, No. 96, Section 1, Jianguo North Road, Taipei City; Phone: 02-25048125).
Warning: Investors are advised that if they are eligible for conversion and do not request conversion in writing by June 15, 2026, the company will redeem all their bonds in cash at face value.
Keywords: Material Information
I. According to Article 18, Paragraph 1 of the "Issuance and Conversion Rules for the 2nd Domestic Unsecured Convertible Bonds," if the closing price of the company's common stock continuously exceeds the then-current conversion price by 30% (inclusive) for 30 consecutive trading days, the company may, within the subsequent 30 trading days, send a "Bond Redemption Notice" with a 30-day expiration period by registered mail to the bondholders (as listed in the bondholder register five business days prior to the mailing date; for holders who acquired the convertible bonds thereafter due to sale or other reasons, notification will be made by public announcement). The redemption price shall be the face value of the bond, and all bonds will be redeemed in cash and reported to the GreTai Securities Market for announcement.
II. According to Article 18, Paragraph 3 of the "Issuance and Conversion Rules for the 2nd Domestic Unsecured Convertible Bonds," if bondholders do not provide a written response to the company's stock agency within the "Bond Redemption Notice" period (effective upon receipt, with postal date serving as proof for mailed responses), the company will redeem all convertible bonds held by such bondholders in cash at face value within seven business days after the bond redemption record date.
III. Details regarding the exercise of redemption rights and termination of over-the-counter trading for the company's 2nd Domestic Unsecured Convertible Bonds are as follows:
(1) Date of sending registered bond redemption notice: May 13, 2026.
(2) Period for notification and acceptance of convertible bond redemption: May 13, 2026, to June 11, 2026.
(3) Convertible bond redemption record date: June 11, 2026.
(4) Date of termination of convertible bond over-the-counter trading: June 12, 2026.
(5) Bond redemption price and payment date: Redeemed in cash at face value, with payments uniformly made via remittance or mailed check on June 23, 2026. Any remittance or postage fees will be deducted from the redemption amount.
IV. Bond redemption procedures and required documents:
(1) Convertible bond book-entry transfer, conversion/redemption/put application form (application forms can be obtained from any securities broker, specifying 'Redemption,' and filling in the bondholder's bank account details and stamp).
(2) Securities passbook. Bond redemption procedures must be handled through the securities broker, who will submit the application to the Taiwan Depository & Clearing Corporation (TDCC). Upon TDCC's acceptance, the application will be forwarded to the company's stock agency, and it will be effective upon receipt and cannot be withdrawn.
(3) Bondholders may complete redemption procedures with their respective securities brokers from the business day prior to the start of the redemption notification period (May 12, 2026) until the business day prior to the expiration date (June 10, 2026).
V. Company's stock agency: Taishin Securities Co., Ltd. Shareholder Services Department (Address: B1, No. 96, Section 1, Jianguo North Road, Taipei City; Phone: 02-25048125).
Warning: Investors are advised that if they are eligible for conversion and do not request conversion in writing by June 15, 2026, the company will redeem all their bonds in cash at face value.
Keywords: Material Information