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Yang Ming exercises clean up call for fourth convertible bonds
New York, Jan. 25 – Yang Ming Marine Transport Corp. exercised the clean up call for its fourth issue of convertible bonds, according to a company announcement.
Redemptions will be accepted from Feb. 19 to March 16, the record date for the redemption will be March 21 and trading will end on March 22.
Yang Ming is able to exercise the call because less than 10% of the original amount remains outstanding.
Yang Ming is an ocean shipping company based in Keelung, Taiwan.
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