Hongfa(SH:600885) Shang Hai Zheng Quan Bao·2025-12-02 18:56Core Points - The company announced the early redemption and delisting of "Hongfa Convertible Bonds" effective December 12, 2025 [1][3][13] - The last trading day for "Hongfa Convertible Bonds" is December 8, 2025, and the last conversion day is December 11, 2025 [2][5][12] Redemption Details - The redemption price is set at 100.2219 CNY per bond, which includes accrued interest of 0.2219 CNY [9][11] - The redemption registration date is December 11, 2025, and the redemption payment date is December 12, 2025 [5][11] - The company triggered the conditional redemption clause as the stock price exceeded 130% of the conversion price for 15 trading days [4][7] Investor Guidance - Investors are advised to convert or sell their bonds within the specified timeframe to avoid forced redemption [3][17] - The company will freeze all unconverted bonds after the redemption registration date, and they will be redeemed at the specified price [10][17] - The current market price of the bonds is significantly higher than the redemption price, indicating potential losses for investors who do not act [17]