Core Viewpoint - The company has decided to exercise its right to redeem the "Chuangjiang Convertible Bonds" early due to favorable market conditions and the company's current situation, with a redemption date set for August 14, 2025 [2][10]. Group 1: Convertible Bond Overview - The company issued 18.30 billion yuan worth of convertible bonds on June 4, 2020, with a maturity of six years [2]. - The initial conversion price was set at 8.73 yuan per share, which has been adjusted to 6.10 yuan per share [3][6]. Group 2: Redemption Conditions - The redemption was triggered as the company's stock price closed at or above 130% of the current conversion price (7.93 yuan) for 15 trading days [7]. - The redemption price is set at 100.389 yuan per bond, which includes accrued interest [9]. Group 3: Redemption Process - The bonds will stop trading on August 11, 2025, with the redemption registration date on August 13, 2025 [10]. - The redemption will be executed for all holders registered by the redemption date, and the funds will be transferred directly to their accounts [10]. Group 4: Additional Information - Holders wishing to convert their bonds must do so through their custodial securities company, with a minimum conversion unit of one bond [11]. - The company confirms that there have been no transactions in the bonds by major shareholders or executives in the six months prior to the redemption conditions being met [10].
楚江新材: 关于提前赎回“楚江转债”的第五次提示性公告