HNDI(SZ:300732) Zheng Quan Zhi Xing·2025-09-04 16:22Core Viewpoint - The company, Henan Zhonggong Design Research Institute Group Co., Ltd., has announced the early redemption of its convertible bonds "Sheyan Convertible Bonds" due to the stock price exceeding the conversion price threshold, which may lead to significant investment losses for bondholders if they do not convert their bonds before the deadline [1][3][9]. Group 1: Redemption Announcement - The "Sheyan Convertible Bonds" will stop trading after the market closes on September 8, 2025, and will stop conversion after the market closes on September 11, 2025 [1][2]. - The remaining convertible bonds will be forcibly redeemed at a price of 101.25 CNY per bond if not converted by the deadline [1][10]. - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for 15 trading days [3][9]. Group 2: Bond Details - The initial conversion price was set at 11.24 CNY per share, which has been adjusted to 8.05 CNY per share [4][8]. - The bonds were issued with a total value of 376 million CNY and were listed on the Shenzhen Stock Exchange on December 2, 2021 [3][4]. - The annual interest rate for the bonds is 1.5%, and the accrued interest will be included in the redemption price [1][11]. Group 3: Redemption Process - The redemption price is calculated based on the bond's face value plus accrued interest, resulting in a total of 101.25 CNY per bond [10][11]. - The redemption will be executed on September 12, 2025, with funds reaching bondholders' accounts by September 19, 2025 [12]. - The company will publish announcements regarding the redemption process on each trading day leading up to the redemption date [12].