TNMG(SZ:000630) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-08 23:38Core 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][6][7]. 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 at an annual rate of 1.1% [2][10][11]. - The bond's initial conversion price was set at 3.38 yuan per share, which was adjusted to 3.30 yuan and then to 3.20 yuan due to annual equity distributions [5][6]. - The bond's conversion period is from March 27, 2024, to September 20, 2029 [5]. Group 2: Redemption Conditions and Timeline - The conditional redemption was triggered when the company's stock price was at least 130% of the conversion price (4.16 yuan) for 15 trading days within a specified period [4][6][7]. - The redemption date is set for October 13, 2025, with the redemption registration date on October 10, 2025 [3][16][17]. - The company will stop the transfer and conversion of the bonds on September 30, 2025, and October 13, 2025, respectively [3][17]. Group 3: Redemption Process - The company will notify bondholders of the redemption details through daily announcements leading up to the redemption date [14]. - The redemption proceeds will be credited to the bondholders' accounts by October 20, 2025 [17]. - After the redemption, "Tongling Ding 02" will be delisted from the Shenzhen Stock Exchange [17].