Humon Share(SZ:002237) Shang Hai Zheng Quan Bao·2025-10-29 21:06Core Viewpoint - Shandong Hengbang Smelting Co., Ltd. has decided to exercise its right to redeem the "Hengbang Convertible Bonds" early, based on current market conditions and the company's situation, following the fulfillment of redemption conditions [4][11]. Group 1: Redemption Details - The redemption price for the "Hengbang Convertible Bonds" is set at 100.28 CNY per bond, including accrued interest at an annual rate of 0.6% [2][12]. - 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][18]. - Investors must ensure that any pledged or frozen bonds are released before the last trading day to avoid forced redemption [3][11]. Group 2: 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]. - 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 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 balance of unconverted bonds is less than 30 million CNY [9][11].