Ningbo Runhe High-Tech Materials (SZ:300727) Zheng Quan Zhi Xing·2025-04-03 09:28Core Viewpoint - Ningbo Runhe High-tech Materials Co., Ltd. has announced the early redemption of its convertible bonds, "Runhe Convertible Bonds," which will cease trading after April 8, 2025, and will be forcibly redeemed at a price of 100.87 yuan per bond after April 11, 2025, if not converted into shares [1][2][3]. Summary by Sections Early Redemption Announcement - The company has decided to exercise its right to redeem the "Runhe Convertible Bonds" early due to the stock price meeting the conditions set in the bond's offering document [3][9]. - The bonds will stop trading on April 8, 2025, and the conversion into shares will cease after April 11, 2025 [1][11]. Bond Details - The "Runhe Convertible Bonds" were issued on July 21, 2022, with a total issuance of 292.35 million bonds at a face value of 100 yuan each, totaling 2.9235 billion yuan [4][5]. - The initial conversion price was set at 29.27 yuan per share, which has been adjusted multiple times, with the latest adjustment bringing it to 28.81 yuan per share [5][8]. Redemption Price Calculation - The redemption price is set at 100.87 yuan per bond, which includes accrued interest calculated based on a 1.20% annual interest rate for 266 days [10]. - The calculation for accrued interest per bond is 0.87 yuan, leading to the total redemption price of 100.87 yuan [10]. Redemption Process - The redemption will be executed on April 14, 2025, with funds reaching bondholders' accounts by April 21, 2025 [11]. - The company will publish daily announcements regarding the redemption until the redemption date [11]. Shareholder Information - The company has confirmed that there have been no transactions involving the "Runhe Convertible Bonds" by major shareholders or executives in the six months leading up to the redemption conditions being met [13].