TNMG(SZ:000630) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-06 00:07Core Viewpoint - The company, Tongling Nonferrous Metals Group Co., Ltd., has announced the early redemption of its convertible bonds "Tongling Ding 02" due to the triggering of conditional redemption clauses based on stock price performance [4][7][10]. Group 1: Convertible Bond Details - The convertible bond "Tongling Ding 02" has a face value of 100.063 yuan per bond, which includes accrued interest and tax [10][11]. - The bond's initial conversion price was set at 3.38 yuan per share, later adjusted to 3.20 yuan per share due to annual equity distributions [5][6]. - The bond has a total issuance of 21,460,000 units, with a maturity period from September 21, 2023, to September 20, 2029 [5][6]. Group 2: Redemption Conditions and Timeline - The redemption conditions were met when the company's stock price was at least 130% of the conversion price for fifteen trading days [4][6][8]. - The redemption registration date is set for October 10, 2025, with the actual redemption occurring on October 13, 2025 [3][17]. - After the redemption, "Tongling Ding 02" will be delisted from the Shenzhen Stock Exchange [3][17]. Group 3: Investor Guidance - Investors are advised to convert their bonds before the stop conversion date of October 13, 2025, to avoid forced redemption [3][20]. - The company will provide daily announcements regarding the redemption process leading up to the redemption date [14][17]. - Investors must handle conversion requests through the securities company that holds their bonds, with a minimum conversion unit of one bond [19].