Xinjiang Communications Construction (SZ:002941) Shang Hai Zheng Quan Bao·2025-09-17 20:26Summary of Key Points Core Viewpoint The announcement from Xinjiang Transportation Construction Group Co., Ltd. details the upcoming cessation of trading and conversion for its convertible bond "Jiaojian Convertible Bond" (交建转债), emphasizing the importance for investors to act before the deadlines to avoid potential losses. Group 1: Trading and Conversion Details - The last trading day for "Jiaojian Convertible Bond" is September 17, 2025, after which it will cease trading [2][19]. - The final conversion day is September 22, 2025, where investors can still convert their bonds before the market closes [3][28]. - After September 22, 2025, any unconverted bonds will be forcibly redeemed, and the bonds will be delisted from the Shenzhen Stock Exchange [30][51]. Group 2: Redemption Information - The redemption price for "Jiaojian Convertible Bond" is set at 100.044 CNY per bond, which includes accrued interest at an annual rate of 2.00% [4][29]. - The redemption conditions were met on August 28, 2025, allowing the company to exercise its right for early redemption [11][30]. - The redemption date is scheduled for September 23, 2025, with funds reaching investors' accounts by September 30, 2025 [5][20]. Group 3: Bond Issuance and Market Performance - The company issued 8.50 billion CNY worth of convertible bonds on September 15, 2020, with a face value of 100 CNY per bond [5][31]. - The bond was listed on the Shenzhen Stock Exchange on October 16, 2020, under the code 128132 [6][31]. - The initial conversion price was set at 18.57 CNY per share, which has been adjusted multiple times, with the current conversion price at 10.00 CNY per share [7][34]. Group 4: Conditions for Redemption - The bond has conditional redemption clauses, which were triggered when the stock price exceeded 130% of the conversion price for 15 trading days [11][37]. - The company has the right to redeem all or part of the unconverted bonds if the remaining balance is less than 30 million CNY [39][40]. Group 5: Investor Guidance - Investors are advised to convert their bonds before the deadlines to avoid forced redemption, which may result in financial losses [30][51]. - The company emphasizes the importance of consulting with their brokerage for the conversion process and understanding the implications of bond trading and redemption [50].