Liande(SZ:300545) Zheng Quan Zhi Xing·2025-08-11 04:10Core Viewpoint - Shenzhen Liande Automation Equipment Co., Ltd. is set to redeem its convertible bonds ("Liande Convertible Bonds") at a price of 101.70 yuan per bond, following the triggering of conditional redemption clauses due to the company's stock price performance [1][2][8]. Summary by Sections Convertible Bond Basic Information - The company issued 2 million convertible bonds on December 25, 2019, with a total value of 200 million yuan, and the initial conversion price was set at 25.39 yuan per share [2][3]. - The bond's conversion period is from July 1, 2020, to December 24, 2025 [3]. Conditional Redemption Trigger - From June 25, 2025, to July 15, 2025, the company's stock closed at or above 130% of the conversion price (30.654 yuan) for 15 trading days, triggering the conditional redemption clause [2][8]. Redemption Price and Calculation - The redemption price is set at 101.70 yuan per bond, which includes the principal and accrued interest calculated based on a coupon rate of 2.7% [8][9]. - The accrued interest per bond is approximately 1.70 yuan, calculated for the period leading up to the redemption date [9]. Redemption Process - The redemption will be executed on August 12, 2025, with funds transferred directly to the accounts of bondholders registered with the China Securities Depository and Clearing Corporation [9][10]. - Following the redemption, the Liande Convertible Bonds will be delisted from the Shenzhen Stock Exchange [1][9]. Shareholder Trading Activity - The company's major shareholders and executives have not traded the Liande Convertible Bonds in the six months leading up to the redemption conditions being met [10].