Dibay Electric to redeem, delist convertible bonds

Zhejiang Dibay Electric (SSE:603320) announced the final reminder for the redemption and delisting of its "Dibei Convertible Bonds." The redemption record date is set for February 18, 2025, with a redemption price of 100.9781 RMB per bond. Bondholders have until the last trading day, February 13, 2025, to trade the bonds, and until February 18, 2025, to convert them into shares at a conversion price of 11.93 RMB per share. From February 14, 2025, "Dibei Convertible Bonds" will be suspended from trading. After the redemption, the convertible bonds will be delisted from the Shanghai Stock Exchange on February 19, 2025. The company urges bondholders to either convert their bonds before the deadline or face compulsory redemption at the set price.