YUNDA Corp.(SZ:002120) Zheng Quan Zhi Xing·2025-05-28 11:31Core Viewpoint - Yunda Holdings Group Co., Ltd. is expected to trigger a downward adjustment of the conversion price for its convertible bonds due to the stock price being below 85% of the current conversion price for ten consecutive trading days [1][4] Group 1: Convertible Bond Basic Information - The company issued 24.5 million convertible bonds at a price of 100 yuan each, totaling 2.45 billion yuan, which began trading on May 23, 2023 [1] - The initial conversion price was set at 12.15 yuan per share, which was adjusted to 12.10 yuan per share effective June 8, 2023, and will further adjust to 11.93 yuan per share effective June 7, 2024 [2] Group 2: Downward Adjustment Conditions - The conversion price can be adjusted downward if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [2][3] - The adjusted conversion price must not be lower than the average stock price over the 20 trading days prior to the shareholders' meeting [2] Group 3: Adjustment Procedures - If a downward adjustment is decided, the company will announce the adjustment details, including the adjustment range and the record date for shareholders [3] - The conversion applications will resume on the first trading day after the adjustment date, using the new conversion price [3]