According to a filing with Taiwan's Public Information Observation Post, Yida (6576) board of directors approved on November 13 a proposal to submit to shareholders for discussion on issuing private domestic or overseas convertible bonds. The board authorized issuance within a total authorization limit not exceeding 35 million shares over a period of up to five years. Bond denominations would be set at 100,000 New Taiwan dollars or multiples thereof, or 10,000 U.S. dollars or multiples thereof. Proceeds are designated for strengthening operational capital and repaying bank loans to enhance financial structure and competitiveness.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.