Core Viewpoint - The company, Guangdong Zhongqi New Materials Co., Ltd., has announced that its convertible bond, "Zhongqi Convertible Bond," is expected to trigger redemption conditions due to the stock price performance exceeding 130% of the conversion price [2][10]. Group 1: Convertible Bond Issuance and Listing - The company issued 5.4 million convertible bonds with a total value of 540 million yuan, approved by the China Securities Regulatory Commission on March 3, 2023 [3]. - The bonds were listed on the Shenzhen Stock Exchange on April 25, 2023, under the name "Zhongqi Convertible Bond" and code "127081" [4]. Group 2: Conversion Terms and Price Adjustments - The conversion period for the bonds is from September 11, 2023, to March 2, 2029 [5]. - The initial conversion price was set at 30.27 yuan per share, which was adjusted to 30.17 yuan on June 16, 2023, and further adjusted to 30.02 yuan on June 7, 2024 [6][7]. Group 3: Redemption Conditions - The bonds have conditional redemption clauses, allowing the company to redeem all or part of the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days [9]. - The company has the right to redeem the bonds at face value plus accrued interest if the remaining balance of unconverted bonds is less than 30 million yuan [9]. Group 4: Current Situation and Expectations - From March 21 to April 9, 2025, the company's stock price has closed above 26.91 yuan (130% of the conversion price of 20.70 yuan) for nine trading days, indicating a potential trigger for the redemption clause [2][10].
广东中旗新材料股份有限公司关于“中旗转债”预计触发赎回条件的提示性公告