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濮耐股份: 国泰海通证券股份有限公司关于公司提前赎回濮耐转债的核查意见
Zheng Quan Zhi Xing· 2025-07-28 16:38
Summary of Key Points Core Viewpoint The company, Puyang Pona High-Temperature Materials (Group) Co., Ltd., is set to redeem its convertible bonds ahead of schedule, following the fulfillment of specific conditions outlined in the bond's terms and regulations [1][9]. Group 1: Convertible Bond Issuance and Terms - The company issued 6,263,903 convertible bonds on May 26, 2021, with a total value of 62.63903 million yuan, each with a face value of 100 yuan [1][2]. - The bond's conversion period is from December 1, 2021, to May 25, 2026, with an initial conversion price of 4.43 yuan per share, which has been adjusted multiple times [2][3]. - The current conversion price is set at 4.20 yuan per share, effective from July 11, 2025 [3]. Group 2: Redemption Conditions - The bond has conditional redemption clauses, allowing the company 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 [4]. - The company has triggered the redemption clause as the stock price met the required conditions from July 8 to July 28, 2025 [4][5]. Group 3: Redemption Implementation - The redemption price is set at 100.906 yuan per bond, which includes accrued interest calculated based on the bond's face value and interest rate [5]. - The redemption will be executed for all bondholders registered by the close of trading on August 20, 2025, with the bonds being delisted from the Shenzhen Stock Exchange thereafter [6][8]. Group 4: Shareholder Transactions - The company conducted an internal review and found that major shareholders, including the actual controller and board members, did not trade the bonds in the six months leading up to the redemption conditions being met [7][8]. Group 5: Other Considerations - Bondholders must process conversion requests through their respective securities firms, with a minimum conversion unit of one bond [8]. - The company’s board approved the early redemption of the bonds during a meeting held on July 28, 2025, ensuring compliance with relevant regulations [8][9].
博汇股份: 国联民生证券承销保荐有限公司关于宁波博汇化工科技股份有限公司提前赎回博汇转债的核查意见
Zheng Quan Zhi Xing· 2025-07-25 16:49
Core Viewpoint - Ningbo Bohui Chemical Technology Co., Ltd. has decided to redeem its convertible bonds ahead of schedule, following the fulfillment of specific conditions outlined in the bond's prospectus [5][6][8]. Group 1: Convertible Bond Basic Information - The total issuance amount of the convertible bonds, known as "Bohui Convertible Bonds," is 397 million yuan, approved by the China Securities Regulatory Commission [3][4]. - The bonds were listed on the Shenzhen Stock Exchange on September 2, 2022, under the code "123156" [3][4]. - The conversion period for the bonds is from February 22, 2023, to August 15, 2028 [4]. Group 2: Redemption Conditions and Process - The bonds have a conditional redemption clause that allows the company to redeem them if the stock price meets certain criteria, specifically if the closing price is at least 130% of the conversion price for 15 out of 30 consecutive trading days [5][6]. - The company’s board approved the early redemption of the bonds on July 25, 2025, based on current market conditions [6][8]. - The redemption price is set at 100.02 yuan per bond, which includes accrued interest calculated based on the bond's face value and interest rate [7][8]. Group 3: Redemption Implementation - The redemption will be executed for all bondholders registered by the close of trading on August 19, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange after the redemption [7][8]. - The funds from the redemption will be directly transferred to the bondholders' accounts through their custodial brokers [8]. Group 4: Compliance and Verification - The company has confirmed that all necessary decision-making procedures were followed for the early redemption, complying with relevant laws and regulations [8]. - The sponsor has no objections to the early redemption of the bonds, affirming that it meets the requirements set forth in the applicable regulations [8].
联诚精密: 北京市中伦律师事务所关于公司可转换公司债券提前赎回的法律意见书
Zheng Quan Zhi Xing· 2025-07-25 16:37
Group 1 - The law firm Beijing Zhonglun Law Firm has issued a legal opinion regarding the early redemption of convertible bonds by Shandong Liancheng Precision Manufacturing Co., Ltd [1][2] - The legal opinion is based on relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China, as well as the company's prospectus for the public issuance of convertible bonds [2][4] - The company has provided necessary documents and statements to the law firm, ensuring their completeness and accuracy, which are essential for the issuance of the legal opinion [3][4] Group 2 - The company has met the internal approval procedures for the public issuance of convertible bonds, including various resolutions that were submitted for shareholder approval [5][6] - The company publicly issued 2.6 million convertible bonds, which were listed on the Shenzhen Stock Exchange on August 17, 2020, with a maturity date from July 17, 2020, to July 16, 2026 [5][6] Group 3 - The redemption conditions for the convertible bonds are specified in the prospectus, allowing the company to redeem the bonds if certain stock price conditions are met [6][7] - The company has triggered the conditional redemption clause as the stock price has met the specified criteria over a continuous trading period [10][11] Group 4 - The company's board of directors has approved the early redemption of the convertible bonds, and the management has been authorized to handle all related matters [11][12] - The legal opinion concludes that the company has satisfied all necessary conditions for the redemption of the convertible bonds and must fulfill its information disclosure obligations as per regulatory guidelines [12]
中船应急: 中信证券股份有限公司关于中国船舶重工集团应急预警与救援装备股份有限公司提前赎回应急转债的核查意见
Zheng Quan Zhi Xing· 2025-07-21 16:30
Core Viewpoint - The company, China Shipbuilding Industry Group Emergency Warning and Rescue Equipment Co., Ltd. (referred to as "China Emergency"), is proceeding with the early redemption of its convertible bonds, known as "Emergency Convertible Bonds," following the necessary approvals and compliance with relevant regulations [1][6][7]. Summary by Sections Convertible Bond Basic Information - The company issued 8,189,312 convertible bonds on April 10, 2020, with a total amount of 818.93 million yuan and a maturity of six years [1][2]. - The bonds were listed on the Shenzhen Stock Exchange on May 11, 2020, under the name "Emergency Convertible Bonds" with the code "123048" [2]. Convertible Bond Conversion Period - The conversion period for the bonds started from the issuance date and will last until April 9, 2026 [2]. Conversion Price Adjustment - The conversion price was adjusted from 8.90 yuan to 8.88 yuan on July 21, 2021, and further adjusted to 8.86 yuan on July 19, 2022, due to cash dividends distributed to shareholders [2]. - The conversion price was subsequently adjusted to 7.06 yuan, effective from May 16, 2024, based on the average trading prices prior to the annual shareholders' meeting [3]. Conditional Redemption Clause - The company has the right to redeem the bonds if the stock price meets certain conditions, specifically if the closing price is at least 130% of the conversion price for at least 15 trading days within a 30-day period [4][5]. Redemption Implementation Arrangements - The redemption price is set at 100.77 yuan per bond, which includes accrued interest calculated based on a 2.00% annual interest rate [4][5]. - The redemption will be executed for all bondholders registered by the close of trading on August 27, 2025, with funds transferred to their accounts by September 4, 2025 [5]. Early Redemption Review - The board of directors has approved the early redemption of the convertible bonds, and the management is authorized to handle all related matters [5][6]. Underwriter's Review Opinion - The underwriter, CITIC Securities, has confirmed that the early redemption process complies with relevant laws and regulations, and there are no objections to the company's decision [6][7].
塞力医疗: 信达证券股份有限公司关于塞力斯医疗科技集团股份有限公司不提前赎回“塞力转债”的核查意见
Zheng Quan Zhi Xing· 2025-07-21 16:23
Summary of Key Points Core Viewpoint - The company, Celis Medical Technology Group Co., Ltd., has decided not to exercise the early redemption rights of its convertible bonds, known as "Celis Convertible Bonds," despite meeting the conditions for redemption. This decision is made to protect investor interests and will be reassessed after a specified period [7][9]. Group 1: Convertible Bond Issuance and Terms - The company issued 5.4331 million convertible bonds on August 21, 2020, with a total amount of RMB 543.31 million and a maturity of 6 years [1][2]. - The coupon rates for the bonds are structured to increase over the years, starting from 0.50% in the first year to 3.00% in the sixth year [1]. - The initial conversion price for the bonds was set at RMB 16.98 per share, with the conversion period from March 1, 2021, to August 20, 2026 [2][3]. Group 2: Redemption Terms and Conditions - The bonds have conditional redemption terms, which can be triggered if the stock price exceeds 130% of the conversion price for at least 15 out of 30 trading days or if the remaining unconverted bonds are less than RMB 30 million [6]. - The redemption condition was met between July 1, 2025, and July 21, 2025, as the stock price was above RMB 15.60 per share [7]. Group 3: Decision on Early Redemption - The board of directors decided not to exercise the early redemption rights for the bonds, considering current market conditions and the company's situation. This decision will remain in effect for three months, after which the board will reassess if the redemption conditions are met again [7][9]. - The company has ensured that major stakeholders have not traded the bonds in the six months prior to the redemption condition being met and have no plans to reduce their holdings in the near future [7]. Group 4: Sponsor's Review - The sponsor, Xinda Securities, has reviewed the decision and confirmed that the company has followed the necessary decision-making procedures and complied with relevant regulations and the terms outlined in the bond prospectus [8][9].
飞鹿股份: 北京市天元律师事务所关于株洲飞鹿高新材料技术股份有限公司提前赎回可转换公司债券的法律意见
Zheng Quan Zhi Xing· 2025-07-14 11:17
Core Viewpoint - The legal opinion from Beijing Tianyuan Law Firm confirms that Zhuzhou Feilu High-tech Materials Technology Co., Ltd. has met the necessary conditions for the early redemption of its convertible bonds, known as Feilu Convertible Bonds, in accordance with relevant laws and regulations [1][11]. Group 1: Issuance and Approval of Convertible Bonds - The company has received internal approvals and authorizations for the issuance of convertible bonds [3][9]. - The total amount of the convertible bonds issued is 177 million yuan, with a maturity of 6 years, and they were listed on the Shenzhen Stock Exchange on July 3, 2020 [8][9]. Group 2: Redemption Conditions - The redemption conditions are defined by the Management Measures, Regulatory Guidelines, and the Offering Prospectus, allowing the company to redeem the bonds under specific circumstances [10][11]. - The company can redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining balance of the bonds is less than 30 million yuan [10][11]. Group 3: Compliance with Disclosure and Decision-Making Procedures - The company has fulfilled the necessary information disclosure and decision-making procedures required for the redemption of the bonds [12][11]. - A prompt announcement was made regarding the potential fulfillment of the redemption conditions, and the board of directors has approved the exercise of the redemption right [12][11]. Group 4: Conclusion - The legal opinion concludes that the company has satisfied all applicable conditions for the early redemption of the convertible bonds and must continue to fulfill disclosure obligations as per regulatory guidelines [11][12].
恒辉安防: 华泰联合证券有限责任公司关于江苏恒辉安防股份有限公司提前赎回恒辉转债的核查意见
Zheng Quan Zhi Xing· 2025-07-10 16:22
Summary of Key Points Core Viewpoint - The company, Jiangsu Henghui Security Co., Ltd., is proceeding with the early redemption of its convertible bonds, "Henghui Convertible Bonds," following the approval of its board of directors and in compliance with relevant regulations [6][7]. Group 1: Convertible Bond Issuance and Listing - The company issued 5 million convertible bonds at a face value of 100 RMB each, raising a total of 500 million RMB [1]. - The bonds were listed on the Shenzhen Stock Exchange on September 12, 2024, under the name "Henghui Convertible Bonds" with the code "123248" [2]. - The initial conversion price was set at 18.26 RMB per share, which will be adjusted to 18.11 RMB per share effective May 30, 2025, due to the company's annual equity distribution [2][3]. Group 2: Conditional Redemption Terms and Triggering Conditions - The bonds have conditional redemption terms that allow the company to redeem them if the stock price exceeds 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining unconverted bonds are less than 30 million RMB [2][3]. - The company triggered the redemption conditions between June 20, 2025, and July 10, 2025, as the stock price met the required criteria [3]. Group 3: Redemption Implementation Arrangements - The redemption price is set at 100.19 RMB per bond, which includes accrued interest calculated based on a 0.20% interest rate for the first year [3][4]. - The redemption will be executed for all bondholders registered by the close of trading on July 31, 2025, with funds transferred to their accounts on August 8, 2025 [4][6]. - Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange [4]. Group 4: Trading Activity of Key Stakeholders - Key stakeholders, including the actual controller and major shareholders, engaged in trading the bonds within six months prior to the redemption conditions being met, with specific holdings detailed [5][6]. - The total number of bonds held by these stakeholders before the redemption conditions were met amounted to 3,448,518 [5]. Group 5: Approval and Compliance - The board of directors approved the early redemption of the bonds on July 10, 2025, and authorized management to handle all related matters [6]. - The sponsor, Huatai United Securities, confirmed that the redemption process complies with relevant laws and regulations [7].
志特新材: 第四届董事会第十三次会议决议公告
Zheng Quan Zhi Xing· 2025-07-09 11:13
Group 1 - The company held an emergency board meeting on July 9, 2025, to discuss the early redemption of its convertible bonds [1] - The stock price of the company has been above 130% of the conversion price for at least 15 out of the last 30 trading days, triggering the conditional redemption clause [1] - The board unanimously approved the decision to exercise the early redemption rights for the "Zhite Convertible Bonds" [2] Group 2 - The management has been authorized to handle all matters related to the redemption of the "Zhite Convertible Bonds" [2] - The decision was supported by the sponsor institution, Guosen Securities Co., Ltd., which provided a verification opinion on the proposal [2] - The voting results showed 9 votes in favor, with no opposition or abstentions [2]
志特新材: 北京市中伦(深圳)律师事务所关于江西志特新材料股份有限公司可转换公司债券提前赎回的法律意见书
Zheng Quan Zhi Xing· 2025-07-09 11:12
Group 1 - The law firm Beijing Zhonglun (Shenzhen) has been commissioned by Jiangxi Zhite New Materials Co., Ltd. to provide legal advice regarding the early redemption of its convertible bonds [1][2] - The legal opinion is based on various laws and regulations, including the Company Law, Securities Law, and the Management Measures for Convertible Bonds [1][3] - The law firm confirms that all statements and documents provided by the company regarding the redemption are accurate and complete, with no false or misleading information [2][3] Group 2 - The issuance and listing of the convertible bonds were approved by the company's board and independent directors, and the application was approved by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [4][5] - The convertible bonds were listed on April 21, 2023, with an initial conversion price of 41.08 yuan per share [6][14] - The company has met the redemption conditions as specified in the offering prospectus, including the stock price performance over a specified trading period [6][11] Group 3 - The company’s board has approved the early redemption of the convertible bonds, and the management has been authorized to handle all related matters [11][12] - The legal opinion concludes that the redemption process complies with relevant regulations and that the company must fulfill its information disclosure obligations [12][14]
精锻科技: 关于提前赎回精锻转债的公告
Zheng Quan Zhi Xing· 2025-07-03 16:27
Core Viewpoint - Jiangsu Pacific Precision Forging Technology Co., Ltd. has announced the early redemption of its convertible bonds, "Precision Convertible Bonds," at a price of 100.45 yuan per bond, including accrued interest, due to the triggering of conditional redemption clauses based on stock price performance [1][2][6]. Group 1: Convertible Bond Redemption Details - The redemption price for "Precision Convertible Bonds" is set at 100.45 yuan per bond, which includes an accrued interest of approximately 0.45 yuan per bond calculated based on a 1.0% annual interest rate over 166 days [1][7]. - The conditional redemption clause was triggered as the company's stock price closed at or above 130% of the bond's conversion price of 9.46 yuan per share for at least 15 trading days within a 30-day period [2][6]. - The company issued 9.8 million convertible bonds at a total amount of 980 million yuan, with a net fundraising amount of approximately 968.13 million yuan after deducting issuance costs [2][3]. Group 2: Bond Conversion and Price Adjustments - The initial conversion price for the bonds was set at 13.09 yuan per share, which was adjusted to 12.97 yuan per share after a cash dividend distribution on June 9, 2023 [3][4]. - The conversion price was further adjusted to 9.46 yuan per share following a downward revision approved by the board on January 13, 2025 [5][6]. - The conversion period for the bonds is from August 21, 2023, to February 14, 2029, allowing bondholders to convert their bonds into shares during this timeframe [3][6]. Group 3: Redemption Process and Timeline - The redemption process will involve all bondholders registered with China Securities Depository and Clearing Corporation by the close of trading on July 30, 2025, with the redemption funds expected to be transferred to their accounts shortly thereafter [7][8]. - Following the completion of the redemption, "Precision Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [1][8]. - The company has provided contact information for inquiries regarding the redemption process, including a dedicated phone number and email address [8].