HAILIANG(SZ:002203) Shang Hai Zheng Quan Bao·2025-09-17 21:05Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds, "Hailiang Convertible Bonds," due to the fulfillment of redemption conditions based on the company's stock performance [2][9]. Summary by Sections Convertible Bond Basic Information - The company issued 31.50 billion yuan worth of convertible bonds on November 21, 2019, with a maturity of six years [3]. - The bonds were listed on the Shenzhen Stock Exchange on December 16, 2019, under the code "128081" [4]. Conversion Terms and Price Adjustments - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual profit distribution, with the latest adjustment bringing it to 9.20 yuan per share as of July 4, 2025 [5][6][7][8]. Redemption Conditions - The redemption was triggered as the stock price exceeded 130% of the conversion price for 15 trading days within the specified period [8][10]. - The board of directors approved the early redemption on August 25, 2025, and authorized management to handle the related matters [9]. Redemption Implementation Arrangements - The redemption price is set at 101.710 yuan per bond, which includes accrued interest [13][14]. - The bonds will stop trading on September 24, 2025, with the redemption date set for September 29, 2025 [17][18]. - Investors will receive the redemption amount in their accounts by October 14, 2025 [18]. Other Relevant Information - The company has confirmed that there were no transactions of the convertible bonds by major shareholders or executives in the six months leading up to the redemption conditions being met [19]. - Holders of the convertible bonds must process conversion requests through their respective securities companies [20].