LEON INSPECTION (01586) early redemption convertible bonds
Li Hong Inspection (01586) announced that it has redeemed the convertible bonds in the amount of $3.862 million. As mutually agreed upon between the company and the bondholder, the principal under the unredeemed convertible bonds was fully redeemed in cash on May 12, 2026, with the payment made from the internal resources of the group. The Board of Directors believes that the redemption will reduce the company's total liabilities and overall financial costs. Taking into account the current cash position of the group, as well as the interest rate of the convertible bonds compared to other loans of the group, the Board of Directors believes that the redemption is in the best interest of the company and shareholders as a whole.
LEON INSPECTION (01586) announced that it has redeemed the convertible bonds with a total amount of 3.8462 million US dollars. According to mutual agreement between the company and the bondholders, on May 12, 2026, the company has fully redeemed the principal amount of the convertible bonds that have not been redeemed under the cash payment, which was funded by internal resources of the group. The board of directors believes that the redemption will reduce the company's total liabilities and overall financial costs. Considering the current cash position of the group and the interest rate of the convertible bonds compared to other borrowings of the group, the board of directors therefore believes that the redemption is in the best interest of the company and shareholders.
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