Yilite 'convertible bonds' to mature, redeem, and delist

Xinjiang Yilite Industry Co., Ltd. (SSE: 600197) has announced the impending maturity, redemption, and delisting of its "Yili Convertible Bonds" (SSE: 110055). The bonds, issued on March 15, 2019, will reach their maturity date on March 14, 2025. Bondholders of record as of the close of trading on that date will receive a redemption payment of 110 RMB per bond (inclusive of tax). Redemption funds will be disbursed on March 17, 2025. Trading of the "Yili Convertible Bonds" will cease on March 12, 2025, with March 11, 2025, being the last trading day. Bondholders may convert their bonds to company shares until March 14, 2025, as per the original agreement. The bonds will be officially delisted from the Shanghai Stock Exchange on March 17, 2025.