Core Viewpoint - The announcement from Lian De Equipment indicates that the "Lian De Convertible Bonds" will stop conversion after the trading session on August 11, 2025, leading to potential significant investment losses for investors if the bonds are forcibly redeemed at a price of 101.70 yuan per bond [1]. Summary by Relevant Sections - **Company Announcement** - Lian De Equipment announced that there is only half a trading day left until the "Lian De Convertible Bonds" cease to be convertible [1]. - After the market closes on August 11, 2025, any unconverted "Lian De Convertible Bonds" will be forcibly redeemed at a price of 101.70 yuan per bond [1]. - **Investor Implications** - Investors may face substantial investment losses if the bonds are forcibly redeemed without conversion [1].

Core Viewpoint - Shenzhen Liande Automation Equipment Co., Ltd. is set to redeem its convertible bonds ("Liande Convertible Bonds") at a price of 101.70 yuan per bond, following the triggering of conditional redemption clauses due to the company's stock price performance [1][2][8]. Summary by Sections Convertible Bond Basic Information - The company issued 2 million convertible bonds on December 25, 2019, with a total value of 200 million yuan, and the initial conversion price was set at 25.39 yuan per share [2][3]. - The bond's conversion period is from July 1, 2020, to December 24, 2025 [3]. Conditional Redemption Trigger - From June 25, 2025, to July 15, 2025, the company's stock closed at or above 130% of the conversion price (30.654 yuan) for 15 trading days, triggering the conditional redemption clause [2][8]. Redemption Price and Calculation - The redemption price is set at 101.70 yuan per bond, which includes the principal and accrued interest calculated based on a coupon rate of 2.7% [8][9]. - The accrued interest per bond is approximately 1.70 yuan, calculated for the period leading up to the redemption date [9]. Redemption Process - The redemption will be executed on August 12, 2025, with funds transferred directly to the accounts of bondholders registered with the China Securities Depository and Clearing Corporation [9][10]. - Following the redemption, the Liande Convertible Bonds will be delisted from the Shenzhen Stock Exchange [1][9]. Shareholder Trading Activity - The company's major shareholders and executives have not traded the Liande Convertible Bonds in the six months leading up to the redemption conditions being met [10].

Core Viewpoint - Shenzhen Liande Automation Equipment Co., Ltd. announced that the "Liande Convertible Bonds" will stop conversion and be forcibly redeemed at a price of 101.70 yuan per bond after the market closes on August 8, 2025, with the redemption date set for August 12, 2025, highlighting the risk of significant investment losses for investors who do not convert their bonds into stocks [1][2][3] Summary by Sections Convertible Bond Basic Information - The company issued 2 million convertible bonds on December 25, 2019, with a total amount of 200 million yuan and a face value of 100 yuan per bond [2][3] - The initial conversion price was set at 25.39 yuan per share, which has undergone several adjustments due to corporate actions [3][4][5][6][7] Conditional Redemption Clause - The conditional redemption clause was triggered as the company's stock price was above 130% of the conversion price for 15 trading days within a 30-day period [2][8] - The company has the right to redeem all or part of the unconverted bonds if the stock price condition is met or if the remaining unconverted bonds are less than 30 million yuan [8][9] Redemption Price and Process - The redemption price is set at 101.70 yuan per bond, which includes accrued interest calculated based on the bond's face value and interest rate [9][10] - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the redemption registration date of August 11, 2025 [9][10] Other Important Notes - The company emphasizes the importance of converting bonds before the deadline to avoid forced redemption, which could lead to substantial losses for investors [1][2] - The company has confirmed that there were no transactions involving the convertible bonds by major shareholders and executives in the six months prior to the redemption conditions being met [10]

证券日报网讯 8月7日晚间，联得装备发布公告称，2025年8月11日收市前，持有"联得转债"的投资者仍 可进行转股，2025年8月11日收市后，未实施转股的"联得转债"将停止转股，剩余可转债将按照101.70 元/张的价格被强制赎回。若被强制赎回，投资者可能面临大额投资损失。截至2025年8月7日收市后， 距离2025年8月12日（"联得转债"赎回日）仅剩2个交易日。 （编辑 楚丽君） ...

Group 1: New Stock Issuances - China Heavy Industry (601989) has a cash option declaration period from August 13, 2025[1] - China Shipbuilding (600150) has a buyback request period from August 13 to August 15, 2025[1] - Shenkai Co. (002633) has a tender offer period from July 29 to August 27, 2025[1] Group 2: Tender Offers and Mergers - ST Kelly (300326) has a tender offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (600399) has a tender offer period from August 12 to September 10, 2025[1] - China Heavy Industry (601989) is involved in an absorption merger[1] Group 3: Abnormal Fluctuations - Tianlu Convertible Bond (110060) reported severe abnormal fluctuations on July 30, 2025[2] - Henghe Precision (300539) reported abnormal fluctuations on July 29, 2025[2] - ST Suwu (600200) reported abnormal fluctuations on August 6, 2025[2]

Core Viewpoint - Shenzhen Liande Automation Equipment 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 trading days [2][8]. Group 1: Convertible Bond Redemption - The company will redeem the remaining convertible bonds at a price of 101.70 yuan per bond, effective after the close of trading on August 11, 2025 [1][9]. - Investors are warned about the risk of significant investment losses if the bonds are forcibly redeemed without conversion [1][2]. - The conditional redemption was triggered as the stock price reached 30.654 yuan per share, which is 130% of the conversion price of 23.58 yuan per share [2][8]. Group 2: Convertible Bond Issuance and Terms - The company issued 2 million convertible bonds with a total value of 200 million yuan on December 25, 2019, with an initial conversion price of 25.39 yuan per share [2][3]. - The conversion period for the bonds is from July 1, 2020, to December 24, 2025 [3]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 23.55 yuan per share effective July 25, 2025 [7]. Group 3: Redemption Process - The redemption price includes the principal and accrued interest, calculated to be approximately 1.70 yuan per bond, leading to a total redemption price of 101.70 yuan [9]. - The redemption will be executed for all bondholders registered with the China Securities Depository and Clearing Corporation by the redemption registration date [9][10]. - Following the redemption, the convertible bonds will be delisted from the Shenzhen Stock Exchange [1][9].

Core Viewpoint - Shenzhen Liande Automation Equipment 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 trading days, leading to an early redemption decision by the board of directors [2][9]. Group 1: Convertible Bond Redemption - The company will redeem the "Liande Convertible Bonds" at a price of 101.70 yuan per bond, which includes accrued interest [10]. - The redemption will occur on August 12, 2025, with trading of the bonds ceasing on August 6, 2025, and conversion ceasing on August 11, 2025 [1][10]. - The bonds were issued on December 25, 2019, with a total issuance of 20 million bonds, each with a face value of 100 yuan, totaling 2 billion yuan [2][3]. Group 2: Stock Price and Conversion Price - The current conversion price for the bonds is 23.58 yuan per share, which has been adjusted multiple times since the initial price of 25.39 yuan per share [3][5][6]. - The stock price must remain above 30.654 yuan per share (130% of the conversion price) for the redemption clause to be triggered [2][9]. Group 3: Redemption Process - The redemption process will involve all bondholders registered with the China Securities Depository and Clearing Corporation as of the redemption registration date [10]. - The company will not withhold taxes on the interest income for bondholders [10]. - Bondholders are advised to consult their brokerage firms regarding the conversion process before the deadline [11].

Group 1 - The core point of the news is that the Feilu convertible bond is approaching its last trading day, with a significant price difference between the market price and the redemption price, potentially leading to substantial losses for investors who do not act in time [1][4][5] - The last trading day for Feilu convertible bond is August 5, and it will stop trading after the market closes on that day [4][5] - Investors have until August 8 to convert their bonds into shares, after which any unconverted bonds will be forcibly redeemed at a price of 100.55 yuan per bond [5][8] Group 2 - As of August 5, the market price of Feilu convertible bond was 151.94 yuan, indicating a potential loss of 33.82% for investors who fail to convert or sell [1][5] - The unconverted proportion of Feilu convertible bond stands at 31%, with a total bond balance of 0.54 billion yuan [5] - Other convertible bonds, such as Yong'an, Liande, Qilu, and Chujian, are also facing redemption, with potential losses ranging from 17.10% to 33.83% if investors do not act promptly [10]

Core Viewpoint - The article discusses the early redemption of Feilu Convertible Bonds, highlighting the significant price difference between the market and redemption price, which poses a risk for investors who do not act in time [1][5][10]. Group 1: Feilu Convertible Bonds - Feilu Convertible Bonds will have their last trading day on August 5, with a market price of 151.94 CNY per bond, significantly higher than the redemption price of 100.55 CNY, indicating a potential loss of 33.82% for investors who do not convert or sell in time [1][5]. - The last conversion day for Feilu Convertible Bonds is August 8, after which any unconverted bonds will be forcibly redeemed at 100.55 CNY per bond [5][8]. - As of the latest data, 31% of Feilu Convertible Bonds remain unconverted, with a total bond balance of 0.54 billion CNY [5][6]. Group 2: Other Convertible Bonds - Other convertible bonds such as Yong'an, Liande, Qilu, and Chuanjiang will also face early redemption on August 6 and August 8, with potential losses of 33.83%, 22.76%, 17.10%, and 32.17% respectively for investors who do not act [10]. - The early redemption of convertible bonds is attributed to the continuous rise in bank stock prices, which triggers strong redemption conditions for several banks' convertible bonds [11]. - Investors are advised to sell their convertible bonds before the last trading day or convert them, as the trading rules change from T+0 to T+1 after conversion [11].

Core Viewpoint - The article highlights the imminent last trading days for several convertible bonds, particularly emphasizing the risks for investors who do not act in time, potentially leading to significant losses. Group 1: Flying Deer Convertible Bond - The last trading day for Flying Deer Convertible Bond is August 5, with a closing price of 157.80 yuan per bond as of August 4, indicating a potential loss exceeding 36% for investors who fail to act promptly [5][8]. - After August 8, any unconverted Flying Deer Convertible Bonds will be frozen and cease trading, with a forced redemption price of 100.55 yuan per bond [5][8]. - As of August 4, there remains a balance of 0.55 billion yuan of Flying Deer Convertible Bonds that have not been traded or converted, accounting for over 31% of the total [8]. Group 2: Other Convertible Bonds - Other convertible bonds, including Lian De, Yong An, Qi Lu, and Chu Jiang, will also reach their last trading days this week, specifically on August 6 and August 8 [10][14]. - Lian De Convertible Bond has a last trading day of August 6, with a forced redemption price of 101.70 yuan per bond after August 11 [10]. - Yong An Convertible Bond will also have its last trading day on August 6, with a forced redemption price of 101.4301 yuan per bond after August 11 [14]. - Qi Lu Convertible Bond's last trading day is August 8, with a forced redemption price of 100.7068 yuan per bond after August 13 [19]. - Chu Jiang Convertible Bond will stop trading on August 11, with a forced redemption price of 100.389 yuan per bond after August 13 [19]. - As of August 4, the remaining balances for Lian De, Yong An, Qi Lu, and Chu Jiang Convertible Bonds are 0.74 billion, 1.04 billion, 10.36 billion, and 2.78 billion yuan respectively, representing over 35%, 11%, 12%, and 15% of their total [24].