Dayu Irrigation(SZ:300021) Zheng Quan Zhi Xing·2025-08-12 16:13Core Points - The company announced that the "Dayu Convertible Bonds" will be forcibly redeemed at a price of 100.20 yuan per bond (including tax) after the market closes on August 20, 2025, and investors are advised to convert their bonds into stocks before the deadline to avoid potential losses [1][2][11] - The conditional redemption clause was triggered as the company's stock price met the criteria of being at least 130% of the conversion price of 3.66 yuan per share for at least 15 out of 30 consecutive trading days [2][11] - The company issued 6.38 million convertible bonds at a face value of 100 yuan each, totaling 638 million yuan, with a maturity period of 6 years starting from the issuance date [2][3] Convertible Bond Details - The initial conversion price was set at 4.94 yuan per share, which was adjusted to 4.84 yuan per share following the company's 2020 profit distribution plan [3][4] - The conversion price has undergone several adjustments, with the latest being 3.71 yuan per share effective from August 13, 2024, due to stock repurchases and annual profit distribution [9][10] - The bonds were issued on July 28, 2020, and began trading on the Shenzhen Stock Exchange on August 20, 2020 [3][4] Redemption Process - The redemption price is calculated based on the bond's face value plus accrued interest, resulting in a total of 100.20 yuan per bond [13] - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the close of trading on August 20, 2025 [13][14] - Bondholders must apply for conversion through the securities company that holds their bonds, with a minimum conversion unit of 1 bond [15]