Beibu Gulf Port (SZ:000582) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-10 23:07Core Viewpoint - The company has decided to exercise its right for early redemption of the "Beigang Convertible Bonds" due to current market conditions and internal considerations, with the redemption process outlined in detail [3][4]. Group 1: Redemption Details - The last trading day for "Beigang Convertible Bonds" is February 9, 2026, after which trading will cease [2]. - The final conversion date is February 12, 2026, and any bonds not converted by this date will be forcibly redeemed [2]. - The redemption price is set at 101.13 CNY per bond, which includes interest and tax [16][21]. Group 2: Issuance and Trading Information - The company issued 30 million convertible bonds on June 29, 2021, with a total value of 3 billion CNY and a maturity of six years [5]. - The bonds were listed on the Shenzhen Stock Exchange on July 23, 2021, under the name "Beigang Convertible Bonds" [6]. Group 3: Conversion Terms and Adjustments - The conversion period for the bonds started on January 5, 2022, and will end on June 28, 2027 [7]. - The initial conversion price was set at 8.35 CNY per share, which has been adjusted multiple times due to profit distribution [8][9][10][11][12]. Group 4: Conditional Redemption Clauses - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period or if the remaining balance of unconverted bonds is less than 30 million CNY [13][15]. Group 5: Redemption Process and Timeline - The redemption registration date is February 12, 2026, and the redemption will be executed on February 13, 2026 [20][21]. - Funds from the redemption will be credited to bondholders' accounts by March 2, 2026 [21]. Group 6: Other Important Information - Bondholders must process conversion requests through their respective securities companies, and the minimum conversion unit is one bond [22]. - New shares from conversions will be listed the next trading day and will enjoy the same rights as existing shares [23].