Xinjiang Communications Construction (SZ:002941) Shang Hai Zheng Quan Bao·2025-09-19 18:30Core Viewpoint - The company announces the early redemption of its convertible bond "交建转债" and highlights the importance of timely conversion before the final conversion date [1][2][5] Group 1: Redemption Details - The last conversion date for "交建转债" is September 22, 2025, after which unconverted bonds will be redeemed [2][5] - The redemption price is set at 100.044 CNY per bond, including accrued interest at an annual rate of 2.00% [3][17] - The redemption conditions were met on August 28, 2025, allowing the company to exercise its right for early redemption [12][5] Group 2: Bond Issuance and Trading - 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][6] - "交建转债" was listed on the Shenzhen Stock Exchange on October 16, 2020 [6] - The initial conversion price was set at 18.57 CNY per share, which has been adjusted multiple times, with the latest adjustment bringing it to 10.00 CNY per share as of June 25, 2025 [7][9] Group 3: Conversion and Trading Restrictions - The bond will stop trading on September 18, 2025, and conversion will cease on September 23, 2025 [4][22] - Investors are advised to convert their bonds before the final conversion date to avoid forced redemption [5][26] - The company will publish redemption notices daily leading up to the redemption date [21][22]