重庆水务: 重庆水务关于“渝水转债”开始转股的公告

Core Points - The company has announced the issuance of 19 million convertible bonds, with a total value of 1.9 billion RMB, set to mature in six years [1][6] - The convertible bonds, named "Yushui Convertible Bonds," will be listed on the Shanghai Stock Exchange starting February 13, 2025 [1][2] - The conversion period for these bonds will begin on July 15, 2025, and end on January 8, 2031 [2][5] Issuance Details - The bonds have a face value of 100 RMB each and an interest rate of 0.20% for the first year, increasing to 2.00% by the sixth year [6][9] - The initial conversion price is set at 4.98 RMB per share, which has been adjusted to 4.85 RMB per share following a cash dividend distribution [7][9] Conversion Terms - The conversion period is from July 15, 2025, to January 8, 2031, during which bondholders can convert their bonds into shares [2][5] - The conversion process will be conducted through the trading system, and any conversion requests will be processed on the next trading day [3][8] Additional Provisions - The company will adjust the conversion price in case of stock dividends, capital increases, or cash dividends, ensuring fair treatment for bondholders [10][12] - If the stock price falls below 80% of the conversion price for a specified period, the company may propose a downward adjustment of the conversion price, subject to shareholder approval [12][13]