Nanjing Shenghang Shipping (SZ:001205) Shang Hai Zheng Quan Bao·2025-10-09 21:25Core Viewpoint - The announcement details the third-quarter conversion status of the "Shenghang Convertible Bonds" issued by Nanjing Shenghang Shipping Co., Ltd, including the bond issuance, trading, conversion price adjustments, and conversion results for the third quarter of 2025 [1][2][10]. Group 1: Convertible Bond Issuance and Trading - The company issued 7,400,000 convertible bonds with a total fundraising amount of RMB 74 million, approved by the China Securities Regulatory Commission [2]. - The bonds are set to be traded on the Shenzhen Stock Exchange starting December 28, 2023, under the name "Shenghang Convertible Bonds" and code "127099" [3]. Group 2: Conversion Period and Price Adjustments - The conversion period for the "Shenghang Convertible Bonds" is from June 12, 2024, to December 5, 2029 [4]. - The initial conversion price was set at RMB 19.15 per share, which was adjusted to RMB 19.03 on June 4, 2024, and further adjusted to RMB 19.11 on July 25, 2024 [5][8]. - On September 10, 2024, the conversion price was lowered to RMB 15.60 per share, following a board resolution and shareholder approval [9]. Group 3: Conversion Results - In the third quarter of 2025, the company saw a reduction of 37 bonds, resulting in a conversion of 238 shares, leaving a remaining total of 4,540,696 convertible bonds with a total face value of RMB 454,069,600 as of September 30, 2025 [10].