Shandong Linuo Pharmaceutical Packaging(SZ:301188) Zheng Quan Zhi Xing·2025-05-29 09:26Core Viewpoint - The company announces that the "Lino Convertible Bond" is expected to trigger redemption conditions due to the stock price exceeding 130% of the current conversion price for a specified period [1][6]. Group 1: Convertible Bond Overview - The company issued 5 million convertible bonds with a face value of RMB 100 each, raising a total of RMB 500 million [2]. - The bonds were listed on the Shenzhen Stock Exchange on September 14, 2023, under the name "Lino Convertible Bond" and code "123221" [3]. - The initial conversion price was set at RMB 14.40 per share, which has been adjusted to RMB 14.20 per share as of May 29, 2025 [3][4]. Group 2: Redemption Conditions - The company has the right to redeem all or part of the unconverted bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [5]. - The specific thresholds for triggering redemption are RMB 18.59 per share (130% of RMB 14.30) and RMB 18.46 per share (130% of RMB 14.20) [2][6]. - The board will convene to decide on the redemption based on the conditions being met [6]. Group 3: Interest Rate Structure - The coupon rates for the convertible bonds are structured as follows: 0.30% for the first year, 0.50% for the second year, 1.00% for the third year, 1.50% for the fourth year, 1.80% for the fifth year, and 2.50% for the sixth year [5].