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 a specified period, leading to an early redemption decision by the board of directors [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 convertible bonds, known as "Haitai Convertible Bonds," were listed on the Shenzhen Stock Exchange on July 17, 2023 [3]. - The redemption price for the bonds is set at RMB 100.260 per bond, which includes accrued interest [6][8]. Group 2: Conditional Redemption Clause - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 trading days within a 30-day period [4][5]. - From August 1 to August 21, 2025, the company's stock price met this condition, triggering the redemption clause [5][6]. Group 3: Redemption Process and Timeline - The redemption will be executed on September 29, 2025, with funds transferred to bondholders' accounts by October 15, 2025 [8]. - Bondholders must ensure that their bonds are not pledged or frozen before the conversion deadline to avoid potential losses [1][6].
海泰科: 关于提前赎回海泰转债的第十一次提示性公告