GuoCheng Mining(SZ:000688) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-23 22:18Core Viewpoint - The company has decided to exercise its right to redeem the "Guocheng Convertible Bonds" early due to market conditions and internal considerations, with a redemption price set at 100.82 yuan per bond, including interest and tax [4][12][13]. Summary by Sections Redemption Details - The redemption price for "Guocheng Convertible Bonds" is 100.82 yuan per bond, which includes accrued interest at a rate of 2.00% [12][13]. - The redemption conditions are met as of November 19, 2025, and the bonds will be forcibly redeemed if not converted by December 11, 2025 [3][11]. - Key dates include: - Redemption conditions satisfaction date: November 19, 2025 [5] - Last trading day: December 9, 2025 [5] - Redemption registration date: December 11, 2025 [5] - Conversion stop date: December 12, 2025 [5] - Redemption date: December 12, 2025 [5] - Funds arrival date: December 17, 2025 [5] - Investor funds arrival date: December 19, 2025 [5]. Bond Issuance and Trading - The company issued 8,500,000 convertible bonds on July 15, 2020, with a total value of 85 million yuan [4]. - The bonds were listed on the Shenzhen Stock Exchange starting August 10, 2020, under the name "Guocheng Convertible Bonds" [4]. Conversion Terms - The conversion period for the bonds is from January 21, 2021, to July 14, 2026, with an initial conversion price of 21.07 yuan per share, adjusted to 21.06 yuan per share as of June 30, 2021 [7]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 12.58 yuan per share effective July 26, 2024 [9]. Conditional Redemption Clauses - The company has the right to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days or if the remaining unconverted bonds are less than 30 million yuan [10][11].