tera power leveling 02366 - RIP

Margin to be redeemed early $ 90.67 million of series b convertible bonds Margin (02366), and convertible bond holders FirstMediaHoldings rift plat,Ltd. make call deed, after the prerequisite for company to holders of convertible bonds redeemed at redemption value of this amount is $ 90.6697 million of series b convertible bonds (series b, equivalent to all of the outstanding convertible bonds).Company and the holders of convertible bonds will be made at the time of completion of amended deed tera power leveling, the company may be issued at any time in the future at the consent of the holders of convertible bonds, by giving notice in writing to the terms of the agreement between the two sides to redeem all or part of series b convertible bonds. Redemption of series b, to be approved by the stock exchange of convertible bond conditions amendments and independent at the extraordinary general meeting of shareholders approved on b-series swapBonds revised the conditions before they can be confirmed. Directors, redemption will reduce the Group's total liabilities, thus improving debt ratio and overall financial performance. At the same time tera power leveling, redemption will also be able to avoid b-series convertible bond conversion when the exercise of the right of the existing shareholders ' equity effect of diluted.