TINCI(SZ:002709) Shang Hai Zheng Quan Bao·2025-11-21 19:41Core Viewpoint - The company has announced the early redemption of its convertible bonds, "Tinci Convertible Bonds," which will be forcibly redeemed if not converted by December 2, 2025, with a redemption price of 100.29 yuan per bond [1][2][3]. Group 1: Redemption Announcement - The company will exercise its right to redeem the "Tinci Convertible Bonds" early, as approved in the board meeting on November 11, 2025 [3][15]. - The redemption price is set at 100.29 yuan per bond, including interest and tax [17]. - Key dates include: - Redemption registration date: December 2, 2025 - Redemption date: December 3, 2025 - Last trading day: November 28, 2025 - Last day for conversion: December 3, 2025 [3][21]. Group 2: Bond Issuance and Trading - The company issued 34,105,000 convertible bonds on September 23, 2022, with a total amount of 3.41 billion yuan [5][6]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting October 27, 2022 [6]. - The conversion period for the bonds began on March 29, 2023, and will end on September 22, 2027 [7]. Group 3: Conversion Price Adjustments - The conversion price has been adjusted multiple times, with the latest adjustment reducing it from 48.25 yuan to 28.88 yuan per share, effective November 15, 2023 [10]. - The conversion price will be further adjusted based on future corporate actions, including equity distributions [11][12]. Group 4: Conditions for Redemption - The company has triggered the conditional redemption clause, as the stock price has been above 130% of the conversion price for at least 15 trading days [15]. - The board has authorized management to handle all matters related to the redemption process [3][15].