Core Viewpoint - The company has decided to exercise the early redemption of its convertible bonds, "Haitai Convertible Bonds," due to the stock price exceeding the specified threshold, which poses a risk for bondholders who may not convert their bonds in time [2][5]. Group 1: Convertible Bond Issuance and Redemption - The company issued 3,965,716 convertible bonds at a face value of 100 RMB each, raising a total of 396,571,600 RMB, with a net amount of 391,375,588.47 RMB after deducting issuance costs [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on July 17, 2023, under the name "Haitai Convertible Bonds" and code "123200" [3]. - The early redemption was triggered as the stock price was above 130% of the conversion price for at least 15 trading days during the specified period [2][5]. Group 2: Redemption Details - The redemption price is set at 100.260 RMB per bond, which includes accrued interest calculated based on the bond's face value and interest rate [6]. - The redemption will be executed for all bondholders registered with China Securities Depository and Clearing Corporation Limited by the redemption registration date [6][8]. - The company will not withhold taxes on the interest income for bondholders [6]. Group 3: Conversion and Adjustment of Bond Terms - The conversion price of the bonds has been adjusted from 26.69 RMB to 26.43 RMB, effective from May 29, 2024, and further adjusted to 26.36 RMB effective from September 20, 2024 [3][4]. - The bondholders must apply for conversion through the securities company that holds their bonds, and any unconverted balance will be paid in cash along with accrued interest [8][9].
海泰科: 关于提前赎回海泰转债的公告