PPF(SZ:300258) Zheng Quan Zhi Xing·2025-07-29 16:09Key Points - The company will redeem the "Jingzhuan Convertible Bonds" at a price of 100.45 CNY per bond after the market closes on July 30, 2025, if not converted [1][2][9] - Investors are advised to convert their bonds before the deadline to avoid potential losses due to the significant difference between the market price and the redemption price [1][2] - The conversion price for the bonds has been adjusted to 9.46 CNY per share as of the latest announcement [8][9] - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for at least 15 trading days within a 30-day period [9][10] - The bonds were issued on February 15, 2023, with a total issuance of 9.8 million bonds, raising 980 million CNY [3][4] - The bonds have a conversion period from August 21, 2023, to February 14, 2029 [3][4] - The company has made adjustments to the conversion price based on profit distribution, with the latest adjustment occurring on June 12, 2025 [5][7] - The redemption process will conclude with the bonds being delisted from the Shenzhen Stock Exchange after the redemption [10]