Humon Share(SZ:002237) Shang Hai Zheng Quan Bao·2025-10-21 19:38Core Viewpoint - Shandong Hengbang Smelting Co., Ltd. has announced the early redemption of its convertible bonds, "Hengbang Convertible Bonds," due to the fulfillment of redemption conditions based on stock price performance [4][11]. Group 1: Redemption Details - The redemption price for "Hengbang Convertible Bonds" is set at 100.28 CNY per bond, including accrued interest at an annual rate of 0.6% [2][13]. - The redemption conditions are met as of October 17, 2025, with the last trading day being November 25, 2025, and the redemption date on November 28, 2025 [3][4]. - Investors must ensure that any pledged or frozen bonds are released before the last trading day to avoid forced redemption [3][4]. Group 2: Convertible Bond Issuance and Trading - The company issued 31.6 million convertible bonds on June 12, 2023, with a total fundraising amount of 316 million CNY, netting approximately 312.99 million CNY after expenses [4][5][6]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting July 7, 2023, under the name "Hengbang Convertible Bonds" [6]. Group 3: Conversion and Price Adjustment - The conversion period for the bonds is from December 18, 2023, to June 11, 2029, with the conversion price adjusted from 11.46 CNY to 11.33 CNY on June 12, 2024, and further to 11.19 CNY on June 12, 2025 [7][8]. - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining unconverted bonds fall below 30 million CNY [9][11].