Henan Jindan Lactic Acid Technology (SZ:300829) Zheng Quan Zhi Xing·2025-06-06 08:15Core Viewpoint - The company, Henan Jindan Lactic Acid Technology Co., Ltd., has issued convertible bonds with specific terms regarding conversion price adjustments and conditional redemption clauses [1][5]. Group 1: Convertible Bond Basic Information - The company issued 7,000,000 convertible bonds with a face value of RMB 100 each, raising a total of RMB 700 million, netting RMB 689.61 million after deducting issuance costs [2]. - The convertible bonds were listed on the Shenzhen Stock Exchange on August 2, 2023, under the name "Jindan Convertible Bonds" and code "123204" [2]. - The conversion period for the bonds is from January 19, 2024, to July 12, 2029 [2]. Group 2: Conversion Price Adjustments - The initial conversion price was set at RMB 20.94 per share, which was later adjusted to RMB 15.08 per share effective from March 11, 2024, and subsequently to RMB 14.98 per share effective from June 4, 2024 [3][4]. - The conversion price was further adjusted to RMB 14.93 per share effective from June 3, 2025 [4]. Group 3: Conditional Redemption Clauses - The company has a conditional redemption clause allowing it to redeem all or part of the unconverted bonds if the stock price remains at or above 130% of the current conversion price for at least 15 out of 30 consecutive trading days [5][6]. - The redemption period aligns with the conversion period, starting six months after the issuance date [5]. - If the unconverted bond balance falls below RMB 30 million, the company can also redeem the remaining bonds at face value plus accrued interest [6].