---
title: "LEON INSPECTION redeems convertible bonds early"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286073388.md"
description: "LEON INSPECTION announced that it will redeem USD 3.8462 million of convertible bonds principal in cash on May 12, 2026. This move aims to reduce the company's total liabilities and financial costs, and the board believes that this redemption is in the overall interest of the company and its shareholders"
datetime: "2026-05-12T09:51:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286073388.md)
  - [en](https://longbridge.com/en/news/286073388.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286073388.md)
---

# LEON INSPECTION redeems convertible bonds early

According to the announcement from LEON INSPECTION (01586), the company has issued convertible bonds with a principal amount of USD 3.8462 million. After mutual agreement with the bondholders, the company has fully redeemed the outstanding principal of the convertible bonds in cash on May 12, 2026, with the funds allocated from the group's internal resources. The board of directors believes that the redemption will reduce the company's total liabilities and overall financial costs. Considering the group's current cash situation and the interest rates of the convertible bonds compared to other borrowings, the board believes that the redemption is in the overall interest of the company and its shareholders

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