East Money Information Co.Ltd(300059) (300059, hereinafter referred to as "China stock market news") issued the 11th reminder announcement on convertible bond redemption.
On February 14, China stock market news announced that "Dongcai Zhuan 3" (bond Code: 123111) will stop trading, stop stock conversion, be redeemed in advance and delisted. According to the arrangement, China stock market news will forcibly redeem the "Dongcai Zhuan 3" that has not been converted into shares after the closing of the market on February 28, 2022 at the price of 100.18 yuan / piece.
China stock market news reminded investors that there is a large difference between the secondary market price of "Dongcai Zhuan 3" and the redemption price. If investors fail to convert shares in time, they may face losses.
Data show that as of the closing on February 14, "Dongcai Zhuan 3" fell 13.46% to close at 117.4 yuan / piece.
after the market closed on February 28, it will be forcibly redeemed
The announcement shows that the redemption price of "dongcaizhuan 3" is 100.18 yuan / piece (the face value of the bond plus the accrued interest (including tax) in the current period, and the current interest rate is 0.20%). The redemption price after tax shall be subject to the price approved by China Securities Depository and Clearing Co., Ltd. Shenzhen Branch (hereinafter referred to as the "Clearing Company").
At the same time, the date of suspension of trading, share conversion and redemption are March 1, 2022. The arrival date of the issuer's funds (to the account of the clearing company) is March 4, 2022. The arrival date of investors' redemption money is March 8, 2022.
The announcement reminded investors that "Dongcai Zhuan 3", which has not been converted into shares after the closing of the market on February 28, will be forcibly redeemed at the price of 100.18 yuan / piece.
Meanwhile, China stock market news stressed that the stop trading day of "Dongcai Zhuan 3" may be advanced. The announcement pointed out that according to relevant regulations, if the circulating face value of "Dongcai Zhuan 3" is less than 30 million yuan, the trading will be stopped three trading days after the company issued the relevant announcement. Therefore, the actual trading time of "Dongcai Zhuan 3" may be advanced.
In addition, China stock market news reminded investors that if the bondholders of "Dongcai Zhuan 3" convert their shares, they need to open the trading authority of gem. Investors who do not meet the requirements for the appropriateness management of GEM stocks and have not opened the trading authority of gem cannot convert their "dongcaizhuan 3" into stocks.
China stock market news further pointed out that the pledged or frozen "Dongcai Zhuan 3" may not be able to convert shares. If the "Dongcai Zhuan 3" held by the bondholder is pledged or frozen, it is suggested to lift the pledge and freeze before the date of stopping trading and share conversion, so as to avoid being redeemed due to failure to convert shares.
conditional redemption is triggered because the closing price of the stock is not lower than 130% of the current conversion price for 15 consecutive trading days
It is reported that on April 7, 2021, China stock market news issued 158 million convertible corporate bonds "Dongcai Zhuan 3" to unspecified objects, with a face value of 100 yuan each and a total issuance amount of 15.8 billion yuan.
Among them, the initial conversion price of "Dongcai Zhuan 3" is 28.08 yuan / share. However, due to the implementation of the 2020 equity distribution plan by China stock market news, the conversion price will be adjusted to 23.35 yuan / share from May 27, 2021 (ex right and ex interest date).
From October 13, 2021, "Dongcai Zhuan 3" entered the stock conversion period, and the conditional redemption clause was triggered for the first time on November 2, 2021. At that time, China stock market news decided not to exercise the early redemption right of "Dongcai Zhuan 3" and not to redeem "Dongcai Zhuan 3" in 2021.
From January 4 to January 24, 2022, the closing price of China stock market news shares for 15 consecutive trading days shall not be less than 130% of the current conversion price of 23.35 yuan / share, i.e. 30.36 yuan / share, triggering the agreed conditional redemption terms.
On January 25, 2022, China stock market news announced that the 19th meeting of the 5th board of directors of the company considered and approved the proposal on redemption of all issued convertible corporate bonds by unanimous vote and decided to exercise the redemption right of "dongcaizhuan 3", Redeem all "dongcaizhuan 3" registered on the redemption registration date at the price of the face value of the convertible bond plus the accrued interest of the current period.
