GREAT-SUN(SH:603336) Shang Hai Zheng Quan Bao·2025-08-20 19:43Core Viewpoint - Honghui Fruits and Vegetables Co., Ltd. has announced that its convertible bond "Honghui Convertible Bond" is expected to meet the redemption conditions based on the stock price performance [2][9]. Group 1: Convertible Bond Issuance and Terms - The company issued 3.32 million convertible bonds with a total amount of 332 million yuan, with a face value of 100 yuan each, on February 26, 2020 [3]. - The bonds have a maturity period of 6 years and a tiered interest rate starting from 0.4% in the first year to 3.0% in the sixth year [3]. - The bonds were listed on the Shanghai Stock Exchange on March 16, 2020, under the name "Honghui Convertible Bond" with the code "113565" [4]. Group 2: Conversion Price and Redemption Conditions - The initial conversion price was set at 14.61 yuan per share, which has been adjusted multiple times due to equity distributions, with the latest conversion price being 5.85 yuan per share [6][7]. - The company has a conditional redemption clause that allows it to redeem the bonds if the stock price remains above 130% of the conversion price for a specified number of trading days [9]. - As of July 24, 2025, the stock price has been above 7.61 yuan per share (130% of the current conversion price) for 10 trading days, indicating a potential trigger for the redemption clause [2][9].