Liande(SZ:300545) Zheng Quan Zhi Xing·2025-08-07 08:08Core 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 [2][8]. Group 1: Convertible Bond Redemption - The company will redeem the remaining convertible bonds at a price of 101.70 yuan per bond, effective after the close of trading on August 11, 2025 [1][9]. - Investors are warned about the risk of significant investment losses if the bonds are forcibly redeemed without conversion [1][2]. - The conditional redemption was triggered as the stock price reached 30.654 yuan per share, which is 130% of the conversion price of 23.58 yuan per share [2][8]. Group 2: Convertible Bond Issuance and Terms - The company issued 2 million convertible bonds with a total value of 200 million yuan on December 25, 2019, with an initial conversion price of 25.39 yuan per share [2][3]. - The conversion period for the bonds is from July 1, 2020, to December 24, 2025 [3]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 23.55 yuan per share effective July 25, 2025 [7]. Group 3: Redemption Process - The redemption price includes the principal and accrued interest, calculated to be approximately 1.70 yuan per bond, leading to a total redemption price of 101.70 yuan [9]. - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the redemption registration date [9][10]. - Following the redemption, the convertible bonds will be delisted from the Shenzhen Stock Exchange [1][9].