Core Viewpoint - Suzhou Keda Technology Co., Ltd. has announced that its convertible bond, "Keda Convertible Bond," is expected to meet the redemption conditions based on stock price performance [2][8]. Group 1: Convertible Bond Issuance Overview - The company issued 5.16 million convertible bonds with a total amount of 516 million yuan, which were listed on April 8, 2020 [3]. - The initial conversion price was set at 14.88 yuan per share, which has been adjusted multiple times, with the latest conversion price being 6.38 yuan per share [3][5]. Group 2: Conditional Redemption Terms - The conditional redemption clause allows the company to redeem all or part of the unconverted bonds if the stock price meets certain criteria [6]. - Specifically, if the stock price remains above 130% of the conversion price for a specified number of trading days, the company can decide to redeem the bonds [8]. Group 3: Expected Trigger Conditions - From August 25, 2025, to September 10, 2025, the company's stock has closed above 8.294 yuan (130% of the conversion price) for ten trading days [2][8]. - If, in the following seventeen trading days, the stock closes above the conversion price for five trading days, the redemption clause will be triggered [8].
苏州科达科技股份有限公司关于“科达转债”预计满足赎回条件的提示性公告