Core Viewpoint - Wenzhou Hongfeng Electric Alloy Co., Ltd. may trigger the conditional redemption clause of its convertible bonds if its stock price remains above 130% of the current conversion price for a specified period, indicating potential changes in the bond's status and investor considerations [1][6]. Group 1: Convertible Bond Basic Information - The company issued convertible bonds with a total fundraising amount of RMB 321.26 million, netting RMB 315.06 million after expenses [2]. - The bonds were listed on the Shenzhen Stock Exchange on April 8, 2022, under the name "Hongfeng Convertible Bonds" with the code "123141" [2]. - The conversion period for the bonds is from September 21, 2022, to March 14, 2028 [2]. Group 2: Conversion Price Adjustments - The initial conversion price was set at RMB 6.92 per share, which was adjusted to RMB 6.88 following a cash dividend distribution on June 29, 2022 [3]. - The conversion price was further reduced to RMB 5.39 on November 4, 2022, due to conditions specified in the offering document [4]. - As of the latest announcement, the conversion price stands at RMB 5.35 per share [5]. Group 3: Conditional Redemption Clause - 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 within any 30-day period [6]. - The company also has the right to redeem the bonds if the remaining unconverted bond balance falls below RMB 30 million [6].
温州宏丰: 关于“宏丰转债”预计触发赎回条件的提示性公告