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Komoto's Convertible Bond Debuts Following Strong Over-subscription
Industrial Services · Environmental Services · economic_daily · 2026-10-06
8422
Komoto's five-year unsecured convertible bond, managed by CTBC Securities, officially listed today after a successful auction saw a 1.79x over-subscription rate.
What Happened
Bond Listing: Komoto's five-year unsecured convertible bond (ticker: 84223) officially began trading on the Taipei Exchange today. Managed by CTBC Securities, the offering saw robust market participation during the auction phase, achieving an over-subscription rate of 1.79 times.
Operational Performance: As a leading waste management firm, Komoto reported a 23.88% year-over-year increase in consolidated revenue for the first half of 2026. Recent monthly revenue figures for July and August surged by 59.87% and 105.85%, respectively, driven by major remediation projects and new business ventures.
Future Outlook: The company's growth trajectory is supported by key projects, including the 205 Arsenal remediation, which will contribute to earnings through 2027. Furthermore, the SRF power plant is scheduled to grid-connect in the second half of 2027, creating a dual-revenue stream from waste processing and electricity sales.
Strategic Transformation: Komoto is accelerating its shift toward high-value sectors such as incineration, resource recycling, and green energy. With ongoing initiatives like the solar-fishery project and the Kaohsiung South District incinerator BOT, the firm is well-positioned to expand its footprint with continued support from CTBC Securities.