Liande(SZ:300545) Zheng Quan Zhi Xing·2025-07-15 11:13Core Viewpoint - Shenzhen Liande Automation Equipment Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 trading days, leading to a decision for early redemption of the bonds [2][8]. Group 1: Convertible Bond Details - The company issued 2 million convertible bonds with a total amount of 200 million yuan on December 25, 2019, with a face value of 100 yuan each [2]. - The initial conversion price was set at 25.39 yuan per share, which has been adjusted multiple times due to various corporate actions, with the latest adjustment bringing it to 23.58 yuan per share [3][5][6][7]. - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 30.654 yuan (130% of the conversion price) for 15 trading days [2][8]. Group 2: Redemption Process - The redemption price for the convertible bonds is set at 101.70 yuan per bond, which includes the face value and accrued interest [9]. - The redemption will be executed on August 12, 2025, with the redemption amount being transferred directly to the bondholders' accounts [10]. - After the redemption is completed, the convertible bonds will be delisted from the Shenzhen Stock Exchange [10]. Group 3: Shareholder Transactions - The actual controller, major shareholders, and executives have not traded the convertible bonds in the six months leading up to the redemption conditions being met [10]. Group 4: Additional Information - The company has provided contact details for inquiries regarding the redemption process, indicating a commitment to transparency and shareholder communication [10].