Core Viewpoint - The company, Ningbo Bohui Chemical Technology Co., Ltd., is announcing the mandatory redemption of its convertible bonds ("Bohui Convertible Bonds") if they are not converted into shares by August 19, 2025, at a price of 100.02 yuan per bond, which may lead to potential investment losses for bondholders [1][2][3]. Group 1: Bond Redemption Details - The "Bohui Convertible Bonds" will stop conversion after the market closes on August 19, 2025, and will be forcibly redeemed at 100.02 yuan per bond if not converted [1][2]. - The redemption price is calculated based on the bond's face value plus accrued interest, which is determined to be 0.02 yuan per bond for the current period, leading to a total redemption price of 100.02 yuan [8][9]. - The company has triggered the conditional redemption clause as the stock price met the criteria of being at least 130% of the conversion price for 15 out of 30 trading days [7][8]. Group 2: Bond Issuance and Market Performance - The company issued 3.97 million convertible bonds on August 16, 2022, with a total amount of 397 million yuan, and the bonds were listed on the Shenzhen Stock Exchange on September 2, 2022 [3][4]. - The conversion price of the bonds was adjusted from 15.05 yuan to 10.69 yuan per share effective from May 19, 2023 [5][6]. - The bond's conversion period lasts from August 22, 2022, until August 15, 2028, with specific conditions for conversion and redemption outlined in the offering document [4][5].
博汇股份: 关于提前赎回博汇转债暨即将停止转股的重要提示性公告