HAILIANG(SZ:002203) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-11 22:40Core Viewpoint - Zhejiang Hailiang Co., Ltd. has decided to exercise its early redemption rights for the "Hailiang Convertible Bonds" due to market conditions and the company's situation, with the redemption price set at 101.710 yuan per bond, including accrued interest [4][10][13]. Group 1: Bond Redemption Details - The redemption price for "Hailiang Convertible Bonds" is 101.710 yuan per bond, which includes accrued interest calculated at a 2.00% annual rate [2][14]. - The redemption conditions are met as the company's stock price has been above 130% of the current conversion price for 15 trading days [10][11]. - The redemption will occur on September 29, 2025, with the last trading day being September 24, 2025 [3][19]. Group 2: Bond Issuance and Trading Information - The "Hailiang Convertible Bonds" were issued on November 21, 2019, with a total issuance of 315 million bonds, amounting to 3.15 billion yuan [4]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting December 16, 2019, under the code "128081" [4]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual profit distributions, with the latest adjustment bringing it to 9.20 yuan per share as of July 4, 2025 [6][9][10]. Group 4: Redemption Process and Timeline - The redemption registration date is September 26, 2025, and the funds will be credited to bondholders' accounts by October 14, 2025 [19][20]. - The company will provide daily announcements regarding the redemption process leading up to the redemption date [17].