DEISG Board Resolves to Issue Overseas Exchangeable Bonds on Delta Thailand Shares
Original: 代子公司DEISG公告董事會決議發行以所持有之Delta Electronics (Thailand) Public Company Limited股份作為交換 標的之海外可交換公司債（下稱「本次可交換債」）
Summary
Delta Electronics is announcing, on behalf of its subsidiary DEISG, that DEISG's board has resolved to issue overseas exchangeable bonds (EBs) with Delta Electronics (Thailand) Public Company Limited shares held by DEISG as the exchange underlying asset. This structure allows bondholders to ultimately receive Delta Thailand shares rather than cash at maturity or upon exchange, effectively enabling DEISG to raise capital against its strategic stake in the Thai listed affiliate without an outright block sale. Full body available on MOPS.
Full Translation
On behalf of subsidiary DEISG, announcing that the board of directors has resolved to issue overseas exchangeable corporate bonds (hereinafter 'the Exchangeable Bonds'), with the shares of Delta Electronics (Thailand) Public Company Limited held by DEISG serving as the exchange underlying asset. An exchangeable bond differs from a convertible bond in that bondholders may exchange their bonds for shares of a third-party company (here, Delta Electronics Thailand, a separately listed entity) rather than shares of the issuer itself. DEISG is the bond-issuing entity; Delta Electronics (2308) files this announcement on DEISG's behalf as the parent company. The transaction monetizes DEISG's existing Delta Thailand equity stake while allowing the parent group to retain operational influence until exchange. [Body not available — subject line only. See MOPS for full announcement.]