新疆交建: 关于提前赎回“交建转债”的第一次提示性公告

Core Viewpoint - The company has triggered the conditional redemption clause for its convertible bonds "交建转债" due to the stock price exceeding 130% of the conversion price for fifteen consecutive trading days, leading to a decision for early redemption [2][5][6]. Summary by Sections Convertible Bond Issuance Overview - The company issued convertible bonds totaling RMB 850 million, with a face value of RMB 100 per bond, approved by the China Securities Regulatory Commission [2][3]. - The bonds were listed on October 16, 2020, under the code "128132" [3]. Conversion Period and Price Adjustments - The conversion period for the bonds is from March 22, 2021, to September 14, 2026, with an initial conversion price of RMB 18.57 per share [3]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at RMB 10.00 per share effective June 25, 2025 [4][5]. Conditional Redemption Clause - The company can redeem the bonds if the stock price remains above 130% of the conversion price for at least fifteen trading days or if the unconverted bond balance falls below RMB 30 million [6][7]. - The redemption price is set at RMB 100.044 per bond, including accrued interest [7]. Redemption Implementation Arrangements - The redemption will occur on September 23, 2025, with funds transferred to bondholders' accounts on September 30, 2025 [8]. - After redemption, the bonds will be delisted from the Shenzhen Stock Exchange [8]. Shareholder Trading Activity - The company confirmed that major shareholders and executives did not trade the bonds in the six months leading up to the redemption conditions being met [8].