Key Points - The company issued 3.8 million convertible bonds with a total value of 380 million yuan, netting 374.16 million yuan after expenses [1] - The bonds were listed on the Shenzhen Stock Exchange on August 30, 2023, under the name "Hongchang Convertible Bonds" with the code "123218" [2] - The initial conversion price for the bonds was set at 29.62 yuan per share [2] - The board approved a downward adjustment of the conversion price to 28.00 yuan per share, effective from March 12, 2024 [3] - The company will not propose further downward adjustments to the conversion price for six months following the board's decision [3] - A cash dividend of 6 yuan per 10 shares will be distributed, totaling approximately 47.44 million yuan, along with a capital reserve increase of 4 shares for every 10 shares held [4] - The conversion price will be adjusted to 19.54 yuan per share effective from May 19, 2025, due to the dividend distribution [4] - The company has the right to redeem the bonds if certain conditions are met, including if the stock price exceeds 130% of the conversion price for 15 out of 30 consecutive trading days [5] - The redemption price for the bonds is set at 100.42 yuan per bond, including accrued interest [6] - The total amount to be redeemed is approximately 1.8 million yuan, with 17,902 bonds remaining unconverted as of the redemption date [8][9] - Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange on June 25, 2025 [9]
宏昌科技: 关于宏昌转债赎回结果的公告