TNMG(SZ:000630) Zheng Quan Zhi Xing·2025-09-04 16:17Core Viewpoint - The company has announced the early redemption of its convertible bond "Tongling Ding 02" due to the stock price exceeding the conditional redemption threshold, leading to the bond's delisting from the Shenzhen Stock Exchange [1][2][3]. Group 1: Convertible Bond Details - The convertible bond "Tongling Ding 02" has a conversion price of 3.20 CNY per share and a term from March 27, 2024, to September 20, 2029, with an interest rate of 1.1% [1][2]. - The bond was issued to raise a maximum of 2.146 billion CNY, with a total of 21.46 million bonds issued [1][2]. - The bond's initial conversion price was adjusted from 3.38 CNY to 3.30 CNY, and then to 3.20 CNY [1][2]. Group 2: Redemption Conditions - The redemption condition was triggered as the company's stock price was above 130% of the conversion price (4.16 CNY) for 15 consecutive trading days [1][2]. - The company has the right to redeem the bonds if the stock price condition is met or if the remaining unconverted bond balance is less than 30 million CNY [2][3]. Group 3: Redemption Implementation - The redemption price is set at 100.063 CNY per bond, which includes accrued interest [3][4]. - The redemption will be executed on October 20, 2025, with the redemption registration date being October 10, 2025 [4][5]. - After the redemption, "Tongling Ding 02" will be delisted from the Shenzhen Stock Exchange [1][4]. Group 4: Additional Information - Holders of the convertible bonds must apply for conversion through their securities company, with a minimum conversion unit of 1 bond [5][6]. - The company has confirmed that there were no transactions of "Tongling Ding 02" by major shareholders or executives in the six months prior to the redemption condition being met [4].