Core Viewpoint - Jiangsu Huahong Technology Co., Ltd. has announced the early redemption of its convertible bonds, "Huahong Convertible Bonds," due to the stock price meeting the necessary conditions for redemption [1][2][5]. Group 1: Convertible Bond Details - The company issued convertible bonds totaling 515 million yuan, with a face value of 100 yuan per bond, and the funds were fully received by December 8, 2022 [2][3]. - The bonds were listed on the Shenzhen Stock Exchange on January 10, 2023, under the code "127077" [2]. - The conversion period for the bonds started on June 8, 2023, and will end on December 1, 2028 [3]. Group 2: Redemption Conditions - The redemption was triggered as the company's stock price was above 130% of the conversion price for 15 trading days within a 30-day period [5][6]. - The current conversion price was adjusted downwards from 15.45 yuan to 13.91 yuan on July 3, 2023, and further adjusted to 11.14 yuan effective May 20, 2024 [3][5]. Group 3: Redemption Process - The redemption price is set at 100.79 yuan per bond, which includes accrued interest calculated based on a 1% annual interest rate [6][7]. - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by September 16, 2025 [7]. - After the redemption, the "Huahong Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [1][7].
华宏科技: 关于提前赎回华宏转债的第八次提示性公告