Feilu(SZ:300665) Zheng Quan Zhi Xing·2025-07-21 16:14Core Viewpoint - The company, Zhuzhou Feilu High-tech Materials Technology 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 consecutive trading days, leading to a forced redemption at a price of 100.55 CNY per bond [2][6][7]. Group 1: Convertible Bond Details - The company issued 177 million CNY of convertible bonds on June 5, 2020, with a face value of 100 CNY per bond, totaling 1,770,000 bonds [2]. - The initial conversion price was set at 9.9 CNY per share, which has been adjusted multiple times, with the latest adjustment bringing it to 6.01 CNY per share effective July 10, 2024 [3][5][6]. - The bonds are set to be redeemed at 100.55 CNY per bond, which includes accrued interest calculated based on a 3% annual interest rate [7][8]. Group 2: Redemption Conditions and Procedures - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days [6]. - The redemption process will involve notifying bondholders and transferring the redemption amount directly to their accounts by August 8, 2025 [8][9]. - After the redemption is completed, the bonds will be delisted from the Shenzhen Stock Exchange [7][9].