PRCO(SZ:002225) Shang Hai Zheng Quan Bao·2025-08-04 19:18Core Viewpoint - The company has announced the early redemption of its convertible bonds, "Puna Convertible Bonds," due to the fulfillment of specific redemption conditions, with a redemption price set at 100.906 yuan per bond, including accrued interest [2][11][12]. Group 1: Redemption Announcement - The company’s board of directors approved the early redemption of "Puna Convertible Bonds" on July 28, 2025, based on current market conditions and the company's situation [21]. - The redemption price is set at 100.906 yuan per bond, which includes accrued interest calculated at an annual interest rate of 3.80% [2][12]. - The redemption process includes a series of key dates: trading will stop on August 18, 2025, with the redemption date on August 21, 2025, and funds reaching investors by August 28, 2025 [3][18]. Group 2: Convertible Bond Details - The "Puna Convertible Bonds" were issued on June 18, 2021, with a total issuance amount of 62.63903 million yuan, and an initial conversion price of 4.43 yuan per share [4]. - The conversion price has been adjusted multiple times due to annual profit distribution, with the latest adjustment reducing it to 4.20 yuan per share effective from July 11, 2025 [5][6]. - The bonds have specific redemption conditions, including a requirement that the company's stock price must be at least 130% of the conversion price for a certain number of trading days [7][10]. Group 3: Redemption Conditions - The redemption conditions were triggered as the company's stock price met the required thresholds during the specified period from July 8 to July 28, 2025 [10]. - The company has the right to redeem the bonds if the remaining balance of unconverted bonds is less than 30 million yuan [8]. Group 4: Redemption Process - The company will provide daily announcements regarding the redemption process leading up to the redemption date [15]. - All bondholders registered by the redemption registration date will be eligible for the redemption [14]. - After the redemption, the bonds will be delisted from the Shenzhen Stock Exchange [18].