Core Viewpoint - Qingdao Hitech Mould Technology Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for at least 15 trading days within a 30-day period [2][5] Group 1: Convertible Bond Issuance and Redemption - The company issued 3,965,716 convertible bonds at a face value of RMB 100 each, raising a total of RMB 396.57 million, with a net amount of RMB 391.38 million 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" with the code "123200" [3] - The redemption price for the bonds is set at RMB 100.260 per bond, which includes accrued interest [6][8] Group 2: Conversion and Redemption Conditions - The conversion period for the bonds started on July 3, 2023, and will last until the maturity date [3] - The conversion price has been adjusted from RMB 26.69 to RMB 26.43 per share, effective from May 29, 2024, and further adjusted to RMB 26.36 and then to RMB 26.06 per share in subsequent periods [4][5] - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above RMB 33.878 for at least 15 trading days [5][6] Group 3: Redemption Implementation - The redemption will be executed for all bondholders registered with China Securities Depository and Clearing Corporation Limited by the close of trading on September 29, 2025 [6][8] - The accrued interest for the redemption period is calculated to be approximately RMB 0.260 per bond, leading to a total redemption price of RMB 100.260 [6][8] - The company will not withhold taxes on the interest income for bondholders [6]
海泰科: 关于提前赎回海泰转债的第六次提示性公告