Zhuzhou Kibing (SH:601636) Shang Hai Zheng Quan Bao·2025-11-07 20:56Core Viewpoint - Zhuzhou Qibin Group Co., Ltd. has triggered the early redemption of its convertible bonds ("Qibin Convertible Bonds") due to the stock price meeting specific conditions, which may impact investors significantly if they do not act within the stipulated timeframe [2][3][4]. Group 1: Early Redemption Details - The company's stock price has been at least 130% of the current conversion price (7.06 CNY/share) for 15 out of 30 trading days from September 30, 2025, to November 5, 2025, triggering the redemption clause of the "Qibin Convertible Bonds" [2][3]. - On November 5, 2025, the company’s board of directors approved the early redemption of the "Qibin Convertible Bonds" at face value plus accrued interest for all registered bondholders [4]. Group 2: Investor Actions and Risks - Investors holding "Qibin Convertible Bonds" can either trade in the secondary market or convert at a price of 5.43 CNY/share within the specified timeframe; otherwise, they will face forced redemption at 100 CNY per bond plus accrued interest, which could lead to significant investment losses [2][5]. - It is advised that bondholders ensure any pledged or frozen bonds are released in advance to avoid issues with conversion or sale, which could result in forced redemption [5][6].