Dibay Electric to redeem, delist convertible bonds

Zhejiang Dibay Electric (SSE:603320) announced it will exercise its right to redeem all outstanding "Dibei Convertible Bonds." The redemption date is set for February 19, 2025, and the bonds will be delisted from the Shanghai Stock Exchange on the same day. The redemption price is fixed at 100.9781 yuan per bond. Bondholders must convert their holdings to company stock at a price of 11.93 yuan per share by February 18, 2025, or face compulsory redemption and potential investment losses. Trading of "Dibei Convertible Bonds" has already ceased as of February 14, 2025. The company advises bondholders to monitor their accounts and act before the deadline.