Ling Hang Announces Exercise of Bond Redemption Rights for Convertible Bonds and Termination of Over-the-Counter Trading
Ling Hang Company announced it will exercise its redemption rights for its first unsecured convertible bond (Ling Hang I), with trading to terminate on June 25, 2026. The redemption period is from May 26 to June 24, at 100% of face value.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 09:40 (1h 40m after Collected)
Content: In accordance with Article 17 of the issuance and conversion regulations for Ling Hang I, the company will exercise its bond redemption rights.
When the closing price of the common stock exceeds the conversion price by 30% (inclusive) for 30 consecutive business days, the company may, within the subsequent 30 business days, send a "Bond Redemption Notice" with a 30-day expiration by registered mail to bondholders (as recorded in the bondholder list five business days prior to the mailing date; for holders who acquire the convertible bond thereafter, notice will be given by public announcement). The redemption price will be the face value of the bond, and all bonds will be redeemed in cash. The Taiwan Stock Exchange will be requested to make a public announcement.
II. In accordance with Article 17, Paragraph 3 of the company's "Issuance and Conversion Regulations for Domestic Unsecured Convertible Bonds," if bondholders do not reply in writing to the company's stock transfer agency within the "Bond Redemption Notice" period (effective upon receipt, with postal marks as proof for mailed responses), the company will redeem all held convertible bonds in cash at face value within eight 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 domestic unsecured convertible bonds are as follows:
(1) Date of registered mailing of bond redemption notice: May 26, 115.
(2) Redemption notice and acceptance period: May 26, 115 to June 24, 115.
(3) Convertible bond redemption record date: June 24, 115.
(4) Convertible bond termination of over-the-counter trading date: June 25, 115.
(5) Redemption payment and disbursement date: Bonds will be redeemed in cash at face value, with unified payment to applicants on July 6, 115, via wire transfer or postal check. Exchange fees (postage) will be deducted directly from the redemption amount.
IV. Procedures and required documents for bond redemption:
(1) Convertible bond book-entry conversion/redemption/sale application form (available from securities brokers, indicating "Redemption," and filled with the holder's bank account details and seal).
(2) Securities passbook. Bondholders shall handle redemption procedures through their securities brokers, who will submit applications to Taiwan Depository & Clearing Corporation (TDCC). Upon acceptance, applications will be forwarded to the company's stock transfer agency and become effective upon receipt, with no possibility of withdrawal.
(3) Bondholders may complete redemption procedures through their securities brokers from the business day prior to the start of the redemption notice period (May 25, 115) up to the business day prior to the end date (June 23, 115).
V. Company's stock transfer agency: Yuanta Securities Co., Ltd. Stock Transfer Agency Department (Address: B1, No. 67, Section 2, Dunhua South Road, Da'an District, Taipei City 106045, Taiwan; Tel: 02-25855859).
Warning: Investors are advised that if they are eligible for conversion and do not submit a written conversion request before June 26, 115, the company will redeem all their bonds in cash at face value.
When the closing price of the common stock exceeds the conversion price by 30% (inclusive) for 30 consecutive business days, the company may, within the subsequent 30 business days, send a "Bond Redemption Notice" with a 30-day expiration by registered mail to bondholders (as recorded in the bondholder list five business days prior to the mailing date; for holders who acquire the convertible bond thereafter, notice will be given by public announcement). The redemption price will be the face value of the bond, and all bonds will be redeemed in cash. The Taiwan Stock Exchange will be requested to make a public announcement.
II. In accordance with Article 17, Paragraph 3 of the company's "Issuance and Conversion Regulations for Domestic Unsecured Convertible Bonds," if bondholders do not reply in writing to the company's stock transfer agency within the "Bond Redemption Notice" period (effective upon receipt, with postal marks as proof for mailed responses), the company will redeem all held convertible bonds in cash at face value within eight 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 domestic unsecured convertible bonds are as follows:
(1) Date of registered mailing of bond redemption notice: May 26, 115.
(2) Redemption notice and acceptance period: May 26, 115 to June 24, 115.
(3) Convertible bond redemption record date: June 24, 115.
(4) Convertible bond termination of over-the-counter trading date: June 25, 115.
(5) Redemption payment and disbursement date: Bonds will be redeemed in cash at face value, with unified payment to applicants on July 6, 115, via wire transfer or postal check. Exchange fees (postage) will be deducted directly from the redemption amount.
IV. Procedures and required documents for bond redemption:
(1) Convertible bond book-entry conversion/redemption/sale application form (available from securities brokers, indicating "Redemption," and filled with the holder's bank account details and seal).
(2) Securities passbook. Bondholders shall handle redemption procedures through their securities brokers, who will submit applications to Taiwan Depository & Clearing Corporation (TDCC). Upon acceptance, applications will be forwarded to the company's stock transfer agency and become effective upon receipt, with no possibility of withdrawal.
(3) Bondholders may complete redemption procedures through their securities brokers from the business day prior to the start of the redemption notice period (May 25, 115) up to the business day prior to the end date (June 23, 115).
V. Company's stock transfer agency: Yuanta Securities Co., Ltd. Stock Transfer Agency Department (Address: B1, No. 67, Section 2, Dunhua South Road, Da'an District, Taipei City 106045, Taiwan; Tel: 02-25855859).
Warning: Investors are advised that if they are eligible for conversion and do not submit a written conversion request before June 26, 115, the company will redeem all their bonds in cash at face value.