正裕转债

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正裕工业: 关于取消监事会、变更注册资本并修订《公司章程》的公告
Zheng Quan Zhi Xing· 2025-07-18 16:17
Core Viewpoint - Zhejiang Zhengyu Industrial Co., Ltd. has decided to cancel its supervisory board and amend its registered capital and articles of association, reflecting a shift in corporate governance structure and compliance with updated regulations [1][3]. Group 1: Cancellation of Supervisory Board - The company will no longer have a supervisory board or supervisors, with the powers previously held by the supervisory board now transferred to the audit committee of the board of directors [1][3]. - The relevant rules governing the supervisory board have been abolished, and provisions related to the supervisory board will no longer apply [1][3]. Group 2: Change in Registered Capital - The company has received approval from the China Securities Regulatory Commission for the issuance of 2.9 million convertible bonds, which can be converted into A-shares starting from July 7, 2020 [1][2]. - As of the last conversion date on June 18, 2025, a total of 289,495,000.00 yuan of convertible bonds have been converted into 31,226,743 shares, increasing the total share capital from 223,738,756 shares to 240,033,268 shares [2][3]. Group 3: Amendments to Articles of Association - The articles of association will be revised to reflect the cancellation of the supervisory board, changes in registered capital, and the addition of provisions regarding the responsibilities of controlling shareholders and actual controllers [3][4]. - Key amendments include the removal of supervisory board-related provisions, the establishment of a worker representative director on the board, and the clarification of the obligations of controlling shareholders [3][4][5].
正裕工业: 关于实施“正裕转债”赎回暨摘牌的第五次提示性公告
Zheng Quan Zhi Xing· 2025-06-20 09:19
Core Points - Zhejiang Zhengyu Industrial Co., Ltd. has triggered the early redemption of its convertible bonds due to the stock price meeting the specified conditions [2][4] - The redemption date is set for June 19, 2025, with the last trading day on June 13, 2025, and the last conversion day on June 18, 2025 [1][6] - The redemption price is established at 101.1644 yuan per bond, which includes the face value and accrued interest [3][4] Redemption Conditions - The early redemption was triggered as the stock price was above 130% of the conversion price for 15 consecutive trading days [2][4] - The redemption applies to all holders registered by the redemption registration date of June 18, 2025 [4][5] Financial Details - The accrued interest is calculated based on a 2.50% annual interest rate over 170 days, resulting in 1.1644 yuan per bond [4][5] - The total redemption amount for each bond is 101.1644 yuan, which is subject to a 20% personal income tax on the interest portion for individual investors [5] Trading and Conversion - Trading of the convertible bonds will cease on June 16, 2025, with only two trading days remaining before the last conversion date [6][7] - After the redemption is completed, the bonds will be delisted from the Shanghai Stock Exchange on June 19, 2025 [1][6]
正裕工业: 关于“正裕转债”赎回结果暨股份变动的公告
Zheng Quan Zhi Xing· 2025-06-19 09:45
Core Viewpoint - Zhejiang Zhengyu Industrial Co., Ltd. has triggered the conditional redemption clause for its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 consecutive trading days, leading to the decision to redeem the bonds early [1][2]. Redemption Announcement - The company announced the early redemption of the "Zhengyu Convertible Bonds" at a price of 101.1644 CNY per bond, which includes accrued interest calculated based on a 2.50% annual interest rate over 170 days [2][3]. - The total amount to be redeemed is 510,879.59 CNY, covering 5,050 bonds, with the redemption date set for June 19, 2025 [3][4]. Conversion and Share Capital Changes - As of June 18, 2025, a total of 289,495,000 CNY of "Zhengyu Convertible Bonds" has been converted into 31,226,743 shares, representing 14.95% of the total shares before conversion [3][4]. - The total share capital increased to 240,033,268 shares after the conversion, with the number of shares held by major shareholders slightly diluted but not affecting control [4][5]. Impact on Company - The early redemption will not significantly impact the company's cash flow and is expected to enhance capital strength while reducing future interest expenses, supporting sustainable development [5].
浙江正裕工业股份有限公司关于实施“正裕转债”赎回暨摘牌的最后一次提示性公告
Shang Hai Zheng Quan Bao· 2025-06-17 20:09
Core Viewpoint - Zhejiang Zhengyu Industrial Co., Ltd. has announced the redemption and delisting of its convertible bonds, "Zhengyu Convertible Bonds," with specific dates and conditions for investors to be aware of [1][4][16]. Redemption Details - Redemption registration date is set for June 18, 2025, with trading of "Zhengyu Convertible Bonds" ceasing from June 16, 2025 [2][6]. - The last conversion date for the bonds is also June 18, 2025, with only one trading day remaining before this date [3][15]. - Upon completion of the early redemption, the bonds will be delisted from the Shanghai Stock Exchange starting June 19, 2025 [4][16]. Conversion and Redemption Conditions - Investors can convert their bonds at a price of 8.40 CNY per share within the specified timeframe, or they will be forced to redeem at a price of 101.1644 CNY per bond, which includes accrued interest of 1.1644 CNY [4][11]. - The redemption conditions were triggered as the company's stock price was above 130% of the conversion price for 15 consecutive trading days [5][8]. Financial Calculations - The redemption price is calculated as 100 CNY (face value) plus 1.1644 CNY (accrued interest), totaling 101.1644 CNY per bond [9][11]. - The accrued interest is calculated based on a 2.50% annual coupon rate over 170 days [10][11]. Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.9316 CNY per bond after tax [11][12]. Redemption Process - The company will notify bondholders of the redemption details before the redemption period ends, and all bonds will be frozen after the registration date [13][14].
正裕工业: 关于“正裕转债”转股数量累计达到转股前公司已发行股份总额10%暨股份变动的公告
Zheng Quan Zhi Xing· 2025-06-11 09:22
Summary of Key Points Core Viewpoint - The announcement details the cumulative conversion of "Zhengyu Convertible Bonds" into company shares, indicating a significant portion of the bonds has been converted, impacting the company's share structure and shareholder equity. Group 1: Cumulative Conversion Status - As of June 10, 2025, a total of RMB 216,888,000 of "Zhengyu Convertible Bonds" has been converted into company shares, resulting in 22,583,479 shares, which accounts for 10.8155% of the total shares before conversion [1][2][5] - The remaining unconverted "Zhengyu Convertible Bonds" amount to RMB 73,112,000, representing 25.2110% of the total issuance [1][5] Group 2: Convertible Bond Issuance Overview - The company issued 2.9 million convertible bonds on December 31, 2019, with a total value of RMB 290 million, maturing in six years [2] - The coupon rates for the bonds are structured to increase annually, starting from 0.5% in the first year to 2.5% in the sixth year [2] Group 3: Conversion Price and Dates - The bonds became convertible into shares starting July 7, 2020, with an initial conversion price of RMB 14.21 per share, which has since been adjusted to RMB 8.40 per share [2][4] - The conversion price was further adjusted to RMB 8.50 per share effective August 23, 2024, following a board resolution [4] Group 4: Share Capital Changes - The total share capital increased from 223,738,756 shares to 231,390,004 shares due to the conversion of bonds [5] - The ownership percentages of major shareholders have slightly decreased post-conversion, with the largest shareholder's stake dropping from 7.42% to 7.14% [5]
债市日报:6月6日
Xin Hua Cai Jing· 2025-06-06 07:50
Core Viewpoint - The bond market is experiencing a strong consolidation, with expectations that the central bank will maintain its current policy on reverse repos to ensure liquidity in the banking system [1][5][7]. Market Performance - Government bond futures closed higher across the board, with the 30-year main contract rising by 0.35% to 119.780, and the 10-year main contract increasing by 0.17% to 108.925 [2]. - The yields on major interbank bonds mostly declined slightly, with the 10-year government bond yield down by 0.25 basis points to 1.6655% [2]. Monetary Policy Actions - The central bank conducted a 1350 billion yuan reverse repo operation at a fixed rate of 1.40%, with a total of 2911 billion yuan in reverse repos maturing on the same day, resulting in a net withdrawal of 1561 billion yuan [5][6]. - The central bank is set to conduct a 10,000 billion yuan buyout reverse repo operation for three months, marking the first public operation of this kind at the beginning of the month [5][7]. Institutional Insights - Citic Securities suggests that the buyout reverse repo operations will continue to be a channel for medium to long-term liquidity, with pricing becoming more market-oriented [7]. - Dongfang Jincheng notes that the central bank's announcement of large-scale buyout reverse repos is likely related to the peak of interbank certificate maturities in June, which amounts to 4.16 trillion yuan [7]. - Huachuang Fixed Income indicates that the central bank's approach to announcing operation scales in advance will help institutions manage liquidity better [7].
正裕工业: 关于提前赎回“正裕转债”的提示性公告
Zheng Quan Zhi Xing· 2025-05-30 09:32
Core Viewpoint - Zhejiang Zhengyu Industrial Co., Ltd. has decided to exercise its early redemption rights for the "Zhengyu Convertible Bonds" due to the stock price meeting the necessary conditions for conditional redemption [1][2][3]. Group 1: Early Redemption Announcement - The company's board of directors approved the early redemption of "Zhengyu Convertible Bonds" during the 19th meeting of the fifth board on May 26, 2025 [1][3]. - The bonds will be redeemed at face value plus accrued interest for all registered bondholders on the redemption registration date [1][3]. - A detailed announcement regarding the redemption procedures, pricing, and timing will be disclosed shortly [1][3]. Group 2: Conditions for Redemption - From May 6, 2025, to May 26, 2025, the company's stock closed at or above 130% of the pre-distribution conversion price of 8.50 CNY per share, which is 11.05 CNY per share [2][3]. - This price condition has triggered the conditional redemption clause as outlined in the convertible bond prospectus [2]. Group 3: Investor Guidance - Investors holding the convertible bonds can either trade them in the secondary market within the specified timeframe or convert them at the adjusted conversion price of 8.40 CNY per share starting June 5, 2025 [2]. - If investors do not convert or sell their bonds in time, they may face significant investment losses due to forced redemption at 100 CNY per bond plus accrued interest [2][3].
中证转债指数午盘下跌0.03%,报428.92点
news flash· 2025-05-30 03:42
Core Points - The China Securities Convertible Bond Index decreased by 0.03%, closing at 428.92 points [1] - The Wind Convertible Bond Equal-weighted Index fell by 0.41%, ending at 204.01 points [1] Performance Summary - The top gainers in convertible bonds included Zhongqi Convertible Bond, Liming Convertible Bond, Jingzhuang Convertible Bond, Xiaoming Convertible Bond, and Hangyang Convertible Bond, with increases of 8.24%, 6.49%, 4.82%, 3.52%, and 3.30% respectively [1] - The largest decliners were Zhengyu Convertible Bond, Yanggu Convertible Bond, Fuxin Convertible Bond, Henghui Convertible Bond, and Jingda Convertible Bond, with decreases of 5.35%, 5.33%, 4.69%, 4.51%, and 4.34% respectively [1]
中证转债指数高开0.04%。博瑞转债、正裕转债、亿田转债涨超1%;红墙转债跌近1%。
news flash· 2025-05-29 01:33
Group 1 - The China Securities Convertible Bond Index opened up by 0.04% [1] - BoRui Convertible Bond, Zhengyu Convertible Bond, and Yitian Convertible Bond rose by over 1% [1] - Hongqiang Convertible Bond fell by nearly 1% [1]
浙江正裕工业股份有限公司2024年年度权益分派实施公告
Shang Hai Zheng Quan Bao· 2025-05-28 18:47
Core Points - The company announced a cash dividend distribution of 0.10 yuan per share for the fiscal year 2024, approved at the shareholders' meeting on May 19, 2025 [2][4] - The total cash dividend to be distributed amounts to 22,684,970.30 yuan based on a total share capital of 226,849,703 shares [4] - The record date for the dividend distribution is June 4, 2025, with the ex-dividend date set for June 5, 2025 [13][15] Dividend Distribution Details - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [3] - The distribution method includes direct payment to shareholders who have completed designated trading, while those who have not will have their dividends held by the clearing company until they complete the necessary trading [5] - There will be no differential dividend distribution or stock bonus [6] Taxation Information - For individual shareholders holding unrestricted circulating shares, dividends are subject to different tax treatments based on the holding period, with a maximum tax rate of 20% for shares held for less than one month [8] - Qualified Foreign Institutional Investors (QFIIs) will have a 10% withholding tax applied, resulting in a net dividend of 0.09 yuan per share [9] - Other institutional investors are responsible for their own tax obligations, with a gross dividend of 0.10 yuan per share [9] Convertible Bond Adjustment - Following the dividend distribution, the conversion price of the company's convertible bonds ("正裕转债") will be adjusted from 8.50 yuan to 8.40 yuan per share, effective June 5, 2025 [15][16] - The adjustment is based on the formula that accounts for cash dividends distributed to shareholders [14]