Yuguang Gold & Lead convertible bonds begin share conversion

Henan Yuguang Gold & Lead Co., Ltd. (SSE: 600531) announced that its "Yuguang Convertible Bonds" will be eligible for conversion into company shares starting February 16, 2025, and ending August 11, 2030. The conversion price is set at 6.17 RMB per share, with new shares issued to accommodate the conversion. The company issued 7.1 million convertible bonds at a face value of 100 RMB each, raising a total of 710 million RMB. Bondholders can convert through the Shanghai Stock Exchange trading system, with conversion units in multiples of 1,000 RMB face value. The company also outlined potential adjustments to the conversion price based on stock splits, dividends, or new issuances, along with conditions for redemption and repurchase of the bonds.