Summary of Key Points Core Viewpoint - Guizhou Chuanheng Chemical Co., Ltd. has announced that its stock price has maintained a closing price above 130% of the current conversion price of its convertible bonds, which may trigger the conditional redemption clause of the "Chuanheng Convertible Bonds" if the trend continues [1][5]. Group 1: Convertible Bond Basic Information - The company issued 11.60 billion RMB worth of convertible bonds, with a total of 11.6 million bonds issued on August 12, 2021 [1]. - The conversion period for the "Chuanheng Convertible Bonds" is from February 18, 2022, to August 11, 2027 [1]. Group 2: Conversion Price Adjustments - The initial conversion price was set at 21.02 RMB per share, which has been adjusted multiple times due to stock incentive plans and rights distributions [2][3][4]. - The current conversion price is 18.73 RMB per share, following adjustments due to various corporate actions [4][5]. Group 3: Conditional Redemption Clause - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 24.35 RMB (130% of the conversion price) for a specified period [1][5]. - The company is required to hold a board meeting to decide on the redemption if the clause is triggered and must disclose this information promptly [5].
川恒股份: 川恒转债可能触发赎回条件的提示性公告