Liande(SZ:300545) Zheng Quan Zhi Xing·2025-08-05 16:10Core Viewpoint - Shenzhen Liande Automation Equipment 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 trading days, leading to an early redemption decision by the board of directors [2][9]. Group 1: Convertible Bond Redemption - The company will redeem the "Liande Convertible Bonds" at a price of 101.70 yuan per bond, which includes accrued interest [10]. - The redemption will occur on August 12, 2025, with trading of the bonds ceasing on August 6, 2025, and conversion ceasing on August 11, 2025 [1][10]. - The bonds were issued on December 25, 2019, with a total issuance of 20 million bonds, each with a face value of 100 yuan, totaling 2 billion yuan [2][3]. Group 2: Stock Price and Conversion Price - The current conversion price for the bonds is 23.58 yuan per share, which has been adjusted multiple times since the initial price of 25.39 yuan per share [3][5][6]. - The stock price must remain above 30.654 yuan per share (130% of the conversion price) for the redemption clause to be triggered [2][9]. Group 3: Redemption Process - The redemption process will involve all bondholders registered with the China Securities Depository and Clearing Corporation as of the redemption registration date [10]. - The company will not withhold taxes on the interest income for bondholders [10]. - Bondholders are advised to consult their brokerage firms regarding the conversion process before the deadline [11].