Tuopu Group to redeem convertible bonds early
Ningbo Tuopu Group (SSE: 601689) announced that it will exercise its right to redeem all outstanding "Tuopu Convertible Bonds" as the company's stock price has triggered the early redemption clause. For fifteen trading days, from January 22, 2025, to February 19, 2025, the closing price of Tuopu Group's stock has been at least 130% of the current conversion price of 48.06 yuan per share, meeting the criteria for early redemption. Bondholders can continue to trade the bonds or convert them to stock at a price of 48.06 yuan per share. Otherwise, bondholders can only redeem their bonds at the par value of 100 yuan, plus accrued interest. The redemption was approved at the company's fifth board meeting on February 19, 2025. The total value of the bond issuance was CNY 250,000,000.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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