NONFEMET(SZ:000060) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-04 23:04Core Viewpoint - The company, Shenzhen Zhongjin Lingnan Nonfemet Company Limited, has announced the early redemption of its convertible bonds, "Zhongjin Convertible Bonds," due to the fulfillment of specific redemption conditions. Group 1: Redemption Details - The redemption price for "Zhongjin Convertible Bonds" is set at 100.70 CNY per bond, including accrued interest at an annual rate of 2.00% [1][13][14] - The redemption conditions are met as of October 30, 2025, with the redemption registration date on November 25, 2025, and the actual redemption date on November 26, 2025 [2][12][20] - The bonds will cease trading on November 21, 2025, and the conversion of bonds will stop on the redemption date [2][20] Group 2: Bond Issuance Overview - The company issued 38 million convertible bonds on July 20, 2020, with a total amount of 380 million CNY and a maturity of six years [5] - The initial conversion price was set at 4.71 CNY per share, which has been adjusted multiple times, with the latest price being 4.29 CNY per share [5][9][12] Group 3: Triggering Redemption Conditions - The redemption conditions were triggered as the company's stock price was above 130% of the current conversion price for at least 15 trading days within the specified period [10][12] - The board of directors approved the early redemption on October 30, 2025, authorizing management to handle all related matters [3][12] Group 4: Shareholding Dilution - The controlling shareholder, Guangdong Guangsheng Holding Group, experienced a passive dilution of its shareholding due to the conversion of bonds into shares, reducing its ownership from 32.92% to 31.68% [26][27] - The total number of shares increased from approximately 3.96 billion to 4.12 billion shares due to the conversion of 547,648,797 shares from the bonds [27]