Xinjiang Communications Construction (SZ:002941) Shang Hai Zheng Quan Bao·2025-09-12 19:26Core Viewpoint - The company, Xinjiang Transportation Construction Group Co., Ltd., has announced the early redemption of its convertible bonds, "Jiaojian Convertible Bonds," due to the stock price meeting the necessary conditions for redemption [1][4][11]. Group 1: Redemption Details - The redemption price for "Jiaojian Convertible Bonds" is set at 100.044 yuan per bond, which includes accrued interest at an annual rate of 2.00% [1][29][42]. - The conditions for redemption were met on August 28, 2025, when the stock price was above 130% of the conversion price for 15 consecutive trading days [11][38]. - The redemption will occur on September 23, 2025, with the last trading day being September 18, 2025, and the last conversion day on September 22, 2025 [2][30][48]. Group 2: Bond Issuance and Terms - The company issued 8.50 billion yuan worth of convertible bonds on September 15, 2020, with a face value of 100 yuan per bond [4][32]. - The initial conversion price was set at 18.57 yuan per share, which has been adjusted multiple times, with the current conversion price at 10.00 yuan per share [6][35][36]. - The bonds were listed on the Shenzhen Stock Exchange on October 16, 2020, under the code 128132 [5][32]. Group 3: Redemption Process - The redemption process includes a series of important dates: the redemption registration date is September 22, 2025, and the funds will be credited to investors' accounts by September 30, 2025 [30][48]. - The company will notify bondholders of the redemption details through daily announcements leading up to the redemption date [46][48]. - After the redemption is completed, "Jiaojian Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [30][48].