PPF(SZ:300258) Zheng Quan Zhi Xing·2025-07-13 08:12Core Viewpoint - Jiangsu Pacific Precision Forging Technology Co., Ltd. has announced the early redemption of its convertible bonds, "Precision Convertible Bonds," due to the stock price meeting the conditions for redemption as specified in the offering prospectus [1][2][7]. Group 1: Convertible Bond Redemption Details - The company will redeem the "Precision Convertible Bonds" at a price of 100.45 CNY per bond, which includes accrued interest [8][9]. - The redemption is triggered as the stock price has been above 130% of the conversion price for at least 15 trading days within a 30-day period [2][7]. - The redemption process will conclude with the bonds being delisted from the Shenzhen Stock Exchange after the redemption is completed [1][10]. Group 2: Convertible Bond Issuance and Terms - The company issued 9.8 million convertible bonds on February 15, 2023, with a total value of 980 million CNY, and the net proceeds after expenses were confirmed [2][3]. - The initial conversion price was set at 13.09 CNY per share, which has been adjusted to 9.46 CNY per share as of the latest announcement [3][6][7]. - The conversion period for the bonds started on August 21, 2023, and will last until the maturity date on February 14, 2029 [3][7]. Group 3: Shareholder and Management Transactions - Prior to the redemption conditions being met, certain shareholders and management members have engaged in transactions involving the "Precision Convertible Bonds" [10]. - Notably, Jiangsu Dayang Investment Co., Ltd. held 3,653,829 bonds, while other individuals listed had varying amounts, with no additional transactions reported from other directors and senior management [10].