HAILIANG(SZ:002203) Shang Hai Zheng Quan Bao·2025-08-15 19:21Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced that its convertible bond, "Hailiang Convertible Bond," is expected to meet the redemption conditions based on recent stock performance [1][2]. Group 1: Convertible Bond Issuance and Listing - The company issued 31.50 billion yuan worth of convertible bonds on November 21, 2019, with a total of 31.50 million bonds, each with a face value of 100 yuan [3]. - The bonds were listed on the Shenzhen Stock Exchange starting December 16, 2019, under the name "Hailiang Convertible Bond" and code "128081" [4]. Group 2: Conversion Terms and Price Adjustments - The conversion period for the bonds is from May 27, 2020, to November 21, 2025, with an initial conversion price set at 9.83 yuan per share [5]. - The conversion price has been adjusted multiple times due to annual profit distribution, with the latest adjustment reducing it to 9.20 yuan per share effective July 4, 2025 [8]. Group 3: Conditional Redemption Terms - The company has the right to redeem all or part of the unconverted bonds if the stock price meets certain conditions, specifically if the closing price is at least 130% of the conversion price for 15 out of 30 consecutive trading days [9][10]. - The company will convene a board meeting to decide on exercising the redemption right if the conditions are met and will disclose relevant announcements in a timely manner [12].