CHINA HARZONE(SZ:300527) Zheng Quan Zhi Xing·2025-08-27 04:13Core Points - The company has announced the forced redemption of its convertible bonds, "Emergency Convertible Bonds," at a price of 100.77 yuan per bond, effective after the close of trading on August 27, 2025 [1][2][3] - Investors are urged to convert their bonds into shares before the final conversion date to avoid potential losses, as the redemption price differs significantly from the current market price [1][2][3] - The company has triggered the conditional redemption clause due to its stock price meeting specific criteria over a 30-day trading period [3][7] Company Information - The company issued 8,189,312 convertible bonds on April 10, 2020, with a total value of 818.93 million yuan and a maturity of six years [3][4] - The conversion period for these bonds started on October 16, 2020, and will end on April 9, 2026 [4] - The conversion price was adjusted to 7.06 yuan per share, effective from May 16, 2024, based on the company's stock performance [6] Redemption Details - The redemption price of 100.77 yuan per bond includes the principal and accrued interest calculated at a rate of 2.00% [7][8] - The redemption process will conclude with the bonds being delisted from the Shenzhen Stock Exchange after the redemption date [2][9] - The redemption funds will be credited to the accounts of bondholders on September 4, 2025 [9]