[Yungtay-KY] Notice regarding the continued suspension of trading for convertible bond 'Yungtay 4'
Yungtay-KY (1589) announced that its convertible bond 'Yungtay 4' will remain suspended from OTC trading starting May 27, 115, due to failure to repay or reach a settlement within three months of a redemption request. A creditor meeting is scheduled for June 1.
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- 📰 Published: May 26, 2026 at 06:31
- 🔍 Collected: May 26, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 20:13 (133h 41m after Collected)
Date of issue: 1150526. Date of announcement: 1150525. Time of announcement: 222645. Company code: 1589. Company name: Yungtay-KY. Subject: Announcement regarding the continued suspension of trading for the company's 4th unsecured convertible bond (Abbreviation: Yungtay 4, Code: 15894) as notified by the Taipei Exchange. Compliance: Article 51. Date of occurrence: 115/05/25. Explanation: 1. Date of occurrence: 115/05/25. 2. Company name: Yungtay Energy Technology Group Co., Ltd. 3. Relationship: The Company. 4. Mutual shareholding: N/A. 5. Reason: (1) The company failed to repay the 'Yungtay 4' bonds upon redemption request and did not reach a settlement within three months. Per Article 50-3 of the TWSE Operating Rules, trading is suspended starting May 27, 115. (2) Per Article 12-1 of the Taipei Exchange Rules, trading remains suspended. 6. Measures: The company has scheduled a creditor meeting for June 1, 115, and will announce results thereafter. 7. Other: None.
FAQ
Why was Yungtay-KY's bond suspended?
Because the company failed to repay or reach a settlement within three months of the redemption request.