Core Viewpoint - Zhejiang Hongchang Electric Technology Co., Ltd. has announced the early redemption of its convertible bonds, "Hongchang Convertible Bonds," at a price of 100.42 yuan per bond, due to the significant difference between the market price and the redemption price, urging bondholders to convert their bonds within the specified period [1][2][7]. Group 1: Convertible Bond Details - The company issued 3.8 million convertible bonds on August 10, 2023, with a total amount of 380 million yuan, and the net proceeds after expenses were 374.16 million yuan [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on August 30, 2023, under the name "Hongchang Convertible Bonds" with the code "123218" [3]. - The conversion period for the bonds is from February 19, 2024, to the maturity date [3]. Group 2: Redemption Conditions - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for at least 15 trading days within a 30-day period [6][7]. - The adjusted conversion price is set at 19.54 yuan per share, effective from May 19, 2025 [6][7]. Group 3: Redemption Implementation - The redemption price is calculated as 100.42 yuan per bond, which includes accrued interest [8][7]. - The redemption will be executed for all bondholders registered by the close of trading on June 16, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange thereafter [9][7]. Group 4: Financial Distribution - The company plans to distribute a cash dividend of 6 yuan per 10 shares, totaling approximately 47.44 million yuan, and to increase capital by issuing 4 additional shares for every 10 shares held [5][6].
宏昌科技: 关于提前赎回宏昌转债的第一次提示性公告